Hassan Allam Holding, one of the largest privately-owned companies in the Middle East, has an orderbook worth a combined value of $5 billion up to 2022, the company CEO said.

Hassan Allam told Zawya Projects that the orderbook includes engineering, procurement and construction contracts, building material supply contracts.

Speaking on the sideline of a press conference last week, Allam said 90 percent of the contract value represents ongoing projects inside Egypt while the remaining 10 percent is made up of projects in Saudi Arabia, Oman, Libya, Algeria and Afghanistan.

He said a consortium of Hassan Allam, Concord, Orascom and Arab Contractors have been awarded a contract to construct a water treatment plant for the New Administrative Capital.

"The project is estimated to cost about 15 billion Egyptian pounds ($957 million), and construction is scheduled to start in early 2021," Allam said.

The CEO said the first phase of the plant would have a treatment capacity of 500,000 m3/day.

In May, the company had announced that it will start work on the 250,000 m3/day Phase 1 of a 3 million m3/day wastewater treatment plant in the new capital.

Allam added that in the NAC, the company is also working on road and infrastructure projects, and its airport.

He pointed out that the government sector accounts for the largest share of the company's business due to the increase in government spending on mega national and economic projects, in line with the state's development plan.

The company's 2020 construction backlog exceeds 55 billion pounds ($3.5 billion).

(1 US Dollar = 15.67 Egyptian Pounds)

(Reporting by Marwa Abo Almajd; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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