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[Oct 2017] Building Cost in Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Zemen Bank Laying Foundations for 1.23 Billion Br headquarters

zemen bank headquarters hq addis ababaZemen Bank have inked a deal with a foreign construction company to erect its headquarters at the heart of Ethiopia’s financial district, along Ras Abebe Aregay Street, at a cost of 1.23 billion Br.

The signing was held at the Radisson Blu Hotel on August 19, 2016, by Tsegaye Tetmke, president of Zemen, and Cai Hailong,

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Afro Tsion Wins 290m Br Bid for Arada District Headquarters

Public Procurement & Property Disposal Service awarded Afro Tsion Construction Plc a 290 million Br contract for the construction of headquarters (HQ) for the Arada District last week.

The bid was announced in February 2015, inviting local companies to participate in the bid; Zamra Construction Plc and Teklebrehan Amabaye Construction Plc (TACON) gave their respective offers. As per the process the second lowest offer of 310 million Br was made by TACON.

The technical opening was made on April 8, 2015 and the award to

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