Hassan Allam Construction Awarded a landmark USD 250 million contract to build the iconic Afreximbank African Trade Centre in Egypt’s New Capital

• The complex will host a full suite of modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an innovation and SME incubation centre, a business centre, a 110-room apartment hotel, a 750-seater modern conference centre and a corporate museum, among other facilities.
• Scope covers construction, finishing, MEP works, hard and soft landscaping, and FF&E.
• Green, sustainable development designed to meet the highest standards of environmental performance.

 

Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a landmark USD 250 million contract for the construction of the African Export-Import Bank (Afreximbank) African Trade Centre, the bank’s largest global complex, which will also host its new headquarters building, to be located in the New Capital of Egypt.

Among the top dignitaries who attended the stone-laying ceremony for the construction of AATC in the New Capital was H.E. Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt, H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, Eng. Hassan Allam, CEO of Hassan Allam Holding, Eng. Mohamed El Dahshoury, CEO of Hassan Allam Construction, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank.

The project includes the turnkey construction of a comprehensive development that will serve as Afreximbank’s global headquarters. The scope covers the main Afreximbank Headquarters Building, a 110-room apartment hotel. The complex will also feature trade and business facilities, including a knowledge and innovation hub, corporate museum, SME incubation centre, a 750-seater conference centre, exhibition spaces, retail and dining outlets, support facilities, and a 1,200-bay parking structure.

In addition to full civil works, the contract covers comprehensive electrical and mechanical systems, hard and soft landscaping, as well as the complete supply and installation of Furniture, Fixtures and Equipment (FF&E). The project is designed as a green, sustainable project, reflecting Afreximbank’s and Hassan Allam Holding’s commitment to modern, efficient, and environmentally responsible built environments. Together, these elements will form a modern African Trade Centre designed to facilitate trade, policy dialogue, and collaboration across the continent.

Hassan Allam, CEO of Hassan Allam Holding, said: “Our collaboration with Afreximbank reflects a shared belief in the power of infrastructure to unlock Africa’s economic potential. For more than nine decades, Hassan Allam Holding has been committed to delivering projects that strengthen communities, enable growth, and support long-term development. We are proud to bring this experience to a project of such continental significance, one that will serve as a catalyst for trade collaboration, and opportunity across Africa.”

Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, said: “AATCs are a concrete solution to a unique challenge: the lack of knowledge of our African market, a major obstacle to promoting trade. The AATC is meant not simply to accommodate the expansion of the Bank, but to address the lack of trade and investment information among African businesses, a challenge that has confounded the growth of intra-African trade and investment for nearly seven decades.”

He added: “We envision the project will be completed within 36 months and will create approximately 8,000 direct and indirect jobs during construction, and approximately 1,000 jobs during the operational phase. The iconic twin-tower New Capital AATC will position Egypt as a trade hub. It will house tech and SME incubation centres, as well as a digital African trade gateway offering trade information, customer due diligence, payments, and other digital services. The AATC also comes with conference and exhibition facilities to boost tourism and create jobs for local Egyptians.”

This collaboration goes further than conventional financing arrangements, anchored instead in a shared vision for infrastructure development, sustainability, and Africa’s economic transformation. Through successive financing rounds, structured guarantees, and joint investment in high-impact projects, both institutions have repeatedly demonstrated their unwavering commitment to advancing transformational initiatives across the continent.