Hany Salaam

  From the United States, Europe, the United Kingdom and Asia, the housing market is riding an extended boom. Global valuations are soaring at the fastest pace since 2006, according to entrepreneur and businessman Hany Salaam, with annual price increases in double digits.    In the housing market, shocking stories are getting more and more common, with desperate buyers going out of their way to accommodate sellers who are selling almost crumbling buildings for mansion prices. “The drivers for the frenzy are remarkably consistent: cheap mortgages, a post-pandemic desire for more space, newly remote workers taking city cash to regional locations — and, crucially, a pervasive fear that if you don’t buy now you may never be able to”, said Hany Salaam. As prices mount, so do the risks for both individuals and society. According to Hany Salaam, even without an outright crash, big mortgages mean borrowers are vulnerable if interest rates rise. They will have less disposable inco...

  Egypt’s real estate market will witness a boom in sales in the second quarter of 2021, due to high demand for units of various types. According to businessman Hany Salaam the rebound in real estate sales is expected to be driven by several basic factors, the most important of which is the gradual decline in the third wave of the novel coronavirus (COVID-19) pandemic.   This comes particularly after the increase in the rate of vaccinations, and the return of real estate exhibitions. “The summer season when Egyptian expatriates return to spend their annual vacations with their families in Egypt has begun”, said Hany Salaam.  He added that investment in real estate, whether residential, administrative, medical, or commercial, is at its current best levels. “This comes especially with the new urban expansions implemented by the state, as part of the country’s Sustainable Development Strategy: Egypt Vision 2030 plan. Moreover, the expected cut in interest rates at banks wou...

  The world’s largest aluminum smelter, Aluminum Bahrain (Alba)’s Line 6 Expansion Project has bagged the much-coveted GCC Industrial Project of the Year in the 2020 edition of the MEED Projects Awards.  As one of Alba’s notable investors and current GCC chairman and CEO Chairman Hany Salaam spoke to us regarding what this award means for the company and the smelting world.    The MEED Projects Awards recognizes the best projects in the GCC across various sectors and promotes best practices in project delivery and operations, as well as innovation and sustainability. “I am so proud that Alba’s Line 6 Expansion Project has also been elected as National Winner for both Industrial Project of the Year and Mega Project of the Year Awards”, said Hany Sallam. This win came following a rigorous judging process based on a range of criteria including innovation, sustainability, design, and engineering among others, Alba’s Line 6 Expansion project was a top contender for this A...

  GRC was formed in the late 1979 by its current Chairman, Lebanese businessman, Hany Salaam who comes from a family background in diplomacy, business and philanthropy. Mr Salaam began operation as a civil engineering contractor in the GCC region but became a power player in the field when he started a business association with Kaiser Aluminum Company. This joint venture led to the creation and success of “Alba”, the first aluminum smelting company in Bahrain. Hany Salaam’s step into Aluminum proved to be a good one since Aluminum smelting proved to be a money maker in the GCC. According to a Press Release from the Gulf Aluminum Council, the primary aluminum producers in the GCC region produced a total of 5,408,257 tons of primary in 2018 that was shipped to the local as well as the international market. These numbers show an increase of 230,000 tons over 2017. This growth can mainly be attributed to the improved efficiency and completion of modernization of projects that allowed c...