Cairo, Egypt – 14 December 2025: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has secured a USD 250 million contract to build the African Export‑Import Bank’s (Afreximbank) African Trade Centre. The centre, which will also serve as the bank’s new headquarters, will be located in Egypt’s New Capital. The stone‑laying ceremony was attended by high‑ranking officials, including Egyptian Prime Minister H.E. Dr. Mostafa Madbouly, Afreximbank President Dr. George Elombi, and Central Bank of Egypt Governor H.E. Mr. Hassan Abdalla.
The comprehensive development will comprise the main Afreximbank headquarters building, a 110‑room hotel, six residential villas, and a range of modern trade‑supporting facilities. These include a trade information centre, library, innovation and SME incubation centre, business centre, corporate museum, conference centre, exhibition centre, and retail outlets. In addition, the complex will feature extensive back‑of‑house and support facilities, as well as a 1,200‑bay parking structure. The contract covers full civil works, mechanical, electrical and plumbing systems, landscaping, and the supply and installation of furniture, fixtures and equipment.
Designed as a green, sustainable project, the African Trade Centre reflects Afreximbank’s and Hassan Allam Holding’s commitment to environmentally responsible built environments. The development aims to facilitate trade, policy dialogue and collaboration across the continent. Hassan Allam, CEO of Hassan Allam Holding, emphasized the shared belief with Afreximbank in the power of infrastructure to unlock Africa’s economic potential. Dr. George Elombi noted that the centre will address the longstanding lack of trade and investment information among African businesses, a barrier that has hindered intra‑African trade and investment for decades.
The project is slated for completion within 36 months, creating approximately 8,000 direct and indirect jobs during construction and about 1,000 jobs in the operational phase. This collaboration demonstrates both organisations’ dedication to advancing transformational initiatives across Africa, reinforcing the importance of infrastructure development, sustainability and economic transformation. With a shared vision for the continent’s growth, Hassan Allam Holding and Afreximbank have repeatedly supported high‑impact projects through successive financing rounds, structured guarantees and joint investments. The African Trade Centre will serve as a landmark catalyst for trade collaboration and opportunity, facilitating policy dialogue, trade and investment, and ultimately contributing to Africa’s economic transformation.
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