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Egypt \ Production Public Entreprises \ Holding Company for Construction & Development \ Nasr General Contracting co. Hassan Mohamed Allam Easy printable page

General Description
Hassan Mohammed Allam established the company in 1936 as a partnership company. in 1959 it turned into a limited partnership with paint a up capital of 500 000 L.E.. Managed by the founder, the company quickly became one of the largest privately owned general contractors at that time
in 1961 and by the virtue of law . the state became owner of the 50 % of the company′s capital and changed its legal status to a joint Stock Company in 1964 state become sole owner of the company. Driven by the enterprising spirit of the late chairman H.M. Allam, the company embarked on a vast expansion and development program, introducing new activates and enhancing its production capacity. Thus serving its clients in the different fields of industrialization, infrastructure and land development related projects. The co′s projects spread over Egypt and extended to the neighboring Arab Countries gaining new trust of the clients consulting engineers and project funding institutions.
in the mind nineties the Egyptian economic reform programs radically changed the status and philosophy of state owned companies. they became profit oriented and were required to compete in a a free market instead of leaning on the state to secure new contracts by direct order to be performed at cost or less
The National company for construction and development, state owned holding co. which became the sole stock holder of our company appointed a new management with view to preparing and implementing a comprehensive restructuring program. Thus the co.′s activities were divided into four main divisions called branches, enjoying total operational independence and working on unison with the corporate management departments, The co. depends on computerized systems for project planning, follow-up execution, accounts, wages and others, which facilitate obtaining all the data needed for day-to-day decision making. In the field of quality control, the company has a well-equipped central lab, To carry out tests for asphalt and concrete ingredients and mixes. Major sites have their own on - site laboratories supervised by trained specialists .
(last updated: 29-October-2002)

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