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Hassan Allam Construction Awarded a landmark USD 250 million contract to build the iconic Afreximbank African Trade Centre in Egypt’s New Capital

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Afreximbank

The project encompasses the full construction and finishing of a comprehensive development that will serve as Afreximbank’s global headquarters

CAIRO, Egypt, December 15, 2025/APO Group/ —

  • The complex will host a full suite of modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an innovation and SME incubation centre, a business centre, a 110-room apartment hotel, a 750-seater modern conference centre and a corporate museum, among other facilities.
  • Scope covers construction, finishing, MEP works, hard and soft landscaping, and FF&E.
  • Green, sustainable development designed to meet the highest standards of environmental performance.

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) (www.Afreximbank.com) 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.

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

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.

 

Distributed by APO Group on behalf of Afreximbank.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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