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, 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, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, Eng. Hassan Allam, CEO of Hassan Allam Holding and Eng. Mohamed El Dahshoury, CEO of Hassan Allam Construction.
The project encompasses the full construction and finishing of a comprehensive development that will serve as Afreximbank’s global headquarters. The scope covers the main Afreximbank Headquarters Building, a 110-room hotel, and six fully serviced residential villas. The complex will host a full suite of other modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an Afreximbank corporate museum, an innovation and SME incubation centre to support entrepreneurship, a business centre, a corporate museum, a 750-seater modern conference centre, an exhibition centre, retail and dinning outlets, shops, extensive back-of-house and support facilities and a 1,200-bay parking structure.
In addition to full civil works, the contract covers Mechanical, Electrical and Plumbing (MEP) systems, hard and soft landscaping, as well as the complete supply and installation of Furniture, Fixtures and Equipment (FF&E). The development is also being 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: “The African Trade Centres are a concrete solution to a unique challenge of the lack of knowledge about our African market, a major obstacle to promoting trade. The AATC is meant not simply to accommodate the expansion of the Bank, but also 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. We envision that 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.”
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.
Eng Hassan Allam was among the top dignitaries who attended the stone laying ceremony for the construction of AATC in the New Capital. Others included H.E. Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt, H.E. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt, Amr Allam, CO-CEO of Hassan Allam Holding, Mohamed El Dahshoury, CEO of Hassan Allam Construction, and the executive leadership of Afreximbank.
