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The European Bank for Reconstruction and Development has approved a $25 million loan to Hassan Allam Holding, giving the Egyptian engineering and construction group fresh financing to upgrade equipment and expand capacity at its main operating arm.
The bank said the funds will support capital spending and machinery investment at Hassan Allam Construction, the group’s largest subsidiary, as it looks to strengthen operations in Egypt.
Beyond growth, the financing carries a clear climate angle. The EBRD’s project summary says the company plans to replace diesel powered equipment with electric alternatives, part of an effort to decarbonise its operations and cut emissions on worksites. The bank classified the project as green, with a transition impact score of 60.
The loan builds on an existing relationship between the bank and the contractor. In February 2025, the EBRD disbursed a four year loan of $22.6 million to support a capital increase at Hassan Allam Construction, according to a statement cited by regional business media.
Hassan Allam Holding is one of Egypt’s best known contractors, with roots dating back to the 1930s and a portfolio that spans infrastructure, industrial and commercial projects in Egypt and the wider Middle East and North Africa region, the EBRD said.
The announcement also highlights the EBRD’s wider push in Egypt, where it has been backing companies that need long term financing to expand capacity. The lender recently provided 1.3 billion Egyptian pounds to Ibnsina Pharma to fund capital expenditure for a new warehouse and working capital, according to the same market update. Minapharm Pharmaceuticals has also said it is in talks for a 13.25 million euro loan to refinance part of its borrowings.
