Afreximbank broke ground on its massive African Trade Centre in Egypt's new capital city, about 45 kilometers from Cairo, and the complex will double as the bank's global headquarters while Egyptian Prime Minister Mostafa Madbouly talked up how the project strengthens continental trade ties. President George Elombi said Egypt has hosted the institution since 1993 and remains the biggest sovereign shareholder through its central bank, with Afreximbank pumping around 41 billion dollars into Egyptian sectors like energy and telecom.
The 156,000-square-meter facility drops in the Diplomatic District with six floors holding office space, a 750-seat conference center, a 110-room hotel, innovation hubs for small businesses, and parking for 1,200 vehicles. Hassan Allam Construction grabbed the 249.5 million dollar contract to build the complex, targeting Gold LEED certification through solar power and water-saving tech, with completion expected by early 2029.
The Cairo center joins similar trade hubs already launched in Abuja and Barbados, with more coming to Harare, Kampala, and other African cities to connect investors and businesses across the continent.
The 156,000-square-meter facility drops in the Diplomatic District with six floors holding office space, a 750-seat conference center, a 110-room hotel, innovation hubs for small businesses, and parking for 1,200 vehicles. Hassan Allam Construction grabbed the 249.5 million dollar contract to build the complex, targeting Gold LEED certification through solar power and water-saving tech, with completion expected by early 2029.
The Cairo center joins similar trade hubs already launched in Abuja and Barbados, with more coming to Harare, Kampala, and other African cities to connect investors and businesses across the continent.
