The project includes the complete construction and completion of a comprehensive development that will serve as Afreximbank’s global headquarters.
The complex will house a suite of modern trade support facilities, including a trade information centre, a world-class library and knowledge hub, an innovation and small business incubation center, a business centre, a 110-room apartment hotel, a modern 750-seat conference center and a corporate museum. Scope covers construction, finishing, MEP work, hard and soft landscaping, and FF&E. A green and sustainable development designed to meet the highest standards of environmental performance.
Hassan Alam Construction, a subsidiary of Hassan Alam Holding, has been awarded a landmark US$250 million contract for the construction of the African Export-Import Bank (Afreximbank) African Trade Center, located in Egypt’s new capital. The center will also house a new headquarters building.
Among the dignitaries who attended the groundbreaking ceremony for the construction of the AATC in the new capital were Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt, Dr. George Elonbi, President and Chairman of the Board of Afreximbank, and His Excellency Hassan Abdallah, Governor of the Central Bank of Egypt, Doctor of Engineering. Mr. Hassan Alam, CEO and Engineer, Hassan Alam Holding. Mohamed El Dashoury, CEO of Hassan Alam Construction.
The project includes the complete construction and completion of a comprehensive development that will serve as Afreximbank’s global headquarters. The scope covers the Afreximbank headquarters building, a 110-room hotel, and six full-service residential villas. The complex will house a suite of other modern trade support facilities, including a trade information centre, a world-class library and knowledge hub, an Afreximbank corporate museum, an innovation and small business incubation center to support entrepreneurship, a business center, a corporate museum, a modern 750-seat conference centre, an exhibition centre, retail and food outlets, shops, an extensive backyard and support facilities, and 1,200 parking spaces. structure.
The contract includes full civil works, as well as the complete supply and installation of mechanical, electrical and plumbing (MEP) systems, hard and soft landscaping, furniture, fixtures and equipment (FF&E). The development is also designed as a green and sustainable project, reflecting Afreximbank and Hassan Alam Holding’s commitment to a modern, efficient and environmentally responsible built environment. Together, these elements form a modern African trade center designed to foster trade, policy dialogue and cooperation across the continent.
Hassan Alam, CEO of Hassan Alam Holding, said: “Our partnership with Afreximbank reflects our shared belief in the power of infrastructure to unlock Africa’s economic potential. We are proud to bring this experience to this continentally important project, one that will catalyze trade cooperation and create opportunities across Africa.”
Dr. George Elombi, President and Chairman of the Board of Afreximbank, said: “Afreximbank “We envision this project to not only address the growth of trade and investment among African businesses, but also to address the lack of trade and investment information among African businesses, a challenge that has hindered intra-African trade and investment growth for nearly 70 years.” It will be completed within 36 months and will create approximately 8,000 jobs directly and indirectly during construction and approximately 1,000 jobs during the operational phase. ”
This cooperation goes further than traditional financing arrangements and is based on a shared vision for infrastructure development, sustainability and Africa’s economic transformation. Both institutions have repeatedly demonstrated an unwavering commitment to driving transformative efforts across the continent through successive funding rounds, structured guarantees, and co-investments in high-impact projects.
En Hassan Alam was one of the dignitaries who attended the stone-laying ceremony for the construction of AATC in the new capital. Others included His Excellency Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt, His Excellency Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, His Excellency Hassan Abdallah, Governor of the Central Bank of Egypt, Mr. Amr Alam, Co-CEO of Hassan Alam Holding, Mr. Mohamed El Dashoury, CEO of Hassan Alam Construction, and top executives of Afreximbank.
About Hassan Alam Holding:
Founded in 1936, Hassan Alam Holding is one of the largest companies in Egypt and the MENA region, with over 90 years of operating experience in 10 countries. The group undertakes complex and large-scale projects in a variety of sectors across engineering, construction and infrastructure, including energy, water, industrial, logistics and petrochemicals. As the oldest construction franchise in the MENA region, the group boasts a strong reputation, superior technical capabilities and a diverse portfolio. With a track record of identifying and investing in attractive infrastructure projects, the group has expanded globally, currently has a backlog of more than US$6 billion, and is ranked 45th on Engineering News-Record’s list of the top 250 international contractors.
About Afreximbank:
The African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution whose mission is to finance and facilitate trade within and outside Africa. For more than 30 years, the Bank has developed innovative structures to provide financing solutions that support the transformation of Africa’s trade structure, accelerating industrialization and intraregional trade, thereby facilitating Africa’s economic expansion. Afreximbank, a passionate supporter of the African Continental Free Trade Agreement (AfCFTA), has launched the Pan-African Payments System (PAPSS), which has been adopted by the African Union (AU) as the payments platform to support the implementation of the AfCFTA. In collaboration with the AfCFTA Secretariat and the AU, the Bank has established a USD 10 billion coordinating fund to support countries de facto participating in the AfCFTA. As of the end of December 2024, Afreximbank’s total assets and reserves exceeded USD 40.1 billion, and shareholder funds amounted to USD 7.2 billion. Afreximbank is rated investment grade by GCR (International Scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd. (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group of companies comprising the Bank, its equity impact fund subsidiary, the African Export Development Fund (FEDA), and its insurance management subsidiary, AfrexInsure (together, the “Group”). The Bank is headquartered in Cairo, Egypt.
*Afreximbank
