Hassan Allam Construction has been awarded a landmark $250m contract to build the African Export-Import Bank’s (Afreximbank) African Trade Centre (AATC) in Egypt’s New Administrative Capital, marking one of the most significant institutional developments in the new city.
The project, which will also serve as Afreximbank’s global headquarters, is designed as a comprehensive trade-focused complex aimed at strengthening economic cooperation and intra-African trade. The development will include the main headquarters building, a 110-room apartment hotel and six fully serviced residential villas.
Beyond office space, the African Trade Centre will house a wide range of facilities intended to support trade and policy engagement across the continent. These include a trade information centre, a world-class library and knowledge hub, an innovation and SME incubation centre, a business centre, a corporate museum, a 750-seat conference centre, exhibition spaces, retail and dining outlets, and a 1,200-bay parking facility.
Hassan Allam Construction, a subsidiary of Hassan Allam Holding, will be responsible for the full construction and finishing of the project. The scope of work covers civil construction, mechanical, electrical and plumbing systems, hard and soft landscaping, as well as the supply and installation of furniture, fixtures and equipment. The development is being designed to meet high environmental standards, reflecting a shared focus on sustainability and green building practices.
The stone-laying ceremony was attended by senior Egyptian and African officials, including Egypt’s Prime Minister Mostafa Madbouly, Afreximbank President George Elombi, and Central Bank of Egypt Governor Hassan Abdalla.
Speaking at the event, Hassan Allam, chief executive of Hassan Allam Holding, said the project demonstrated the role of infrastructure in unlocking Africa’s economic potential. Afreximbank’s Mr Elombi said the centre would address long-standing gaps in trade and investment information, which have constrained intra-African trade for decades.
The project is expected to be completed within 36 months, creating around 8,000 jobs during construction and a further 1,000 roles once operational.
