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[Feb 2018] Construction in Ethiopia Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

The Booming Road Construction Market in Ethiopia

The latest six-month report released by the Ethiopian Roads Authority (ERA) revealed that it spent over nine billion Birr to construct roads in the past six months. This accounts for close to one-fifth of the budget allocated for the current fiscal year. There are 13 new projects that will be launched in 2017.

The original plan was to spend 13 billion Br to construct roads, award new road projects and execute on-going road projects. The completd kilometres of road is four percent higher than the amount spent for the same period

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New procurement directive for Local and Foreign Contractors in Ethiopia

Contractors seem to be happy with a new procurement directive the Ministry of Finance & Economic Cooperation has issued, effective December 11, 2015.

A press conference called at the office of the Construction Contractors’ Association of Ethiopia (CCAE) indicated that the directive, which covers three thematic issues, sprinkled over 20 articles, offered local contractors a number of advantages.

“The change in modalities of announcement, including uploading on the website of the procurement agency, instead of just

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21 Buildings with 20+ floors each to be built at Gotera, Addis Ababa

sinomark ethiopia addis ababa gotera housing real estate condominium apartments

The first modern real estate comprising scores of buildings will be built in Addis Ababa with four billion birr.

The construction of the real estate to be carried out by a joint partnership of the Chinese private real estate company, Sino Mark, and Saba Engineering Company will have swimming pools, sport centers, trade area,

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Ethiopian construction sector to surpass regional peers

Ethiopia’s construction sector will outgrow that of neighbors in the region over the next ten years, according to projections by BMI Research International.

The construction sector will grow at an annual average growth of 11.6% and will be fueled by a swell in infrastructure investments in the region. BMI said it expected the growth to be pushed in future, by residential and non-residential sectors.

Although the rate is expected to be slower than that in the previous years because the government will be unable to maintain

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1.06 billion Br Condominium Road Contracts Awarded to 5 Contractors

Addis Abeba City Roads Authority AACRA LogoThe Addis Abeba City Roads Authority (AACRA) awarded seven contracts to five contractors for a cumulative 1.06 billion Br for 20kms of asphalt roads. The agreements were signed on Thursday June 26, 2014 between Fekade Haile (Eng), head of the AACRA, and representatives of the construction companies, at the AACRA’s headquarters.

All off the

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Tekleberhan Ambaye Construction completes Berbera International Airport terminal

berbera int airportTekleberhan Ambaye Construction Plc (TACON) has completed the construction of its first out-of-country contract of Berbera International Airport terminal and 12Km perimeter fence at a cost of 80 million Birr in Somaliland gaining a profit of only three million Br.

The construction, which began a year ago, was finalized in a joint venture between the Ethiopian

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May Real Estate hands over apartment keys in the Kazanchis Area

May real estate ethiopia addis ababa kazanchis areaMay Real Estate announced that it will be inaugurating its apartment complex located in the Kazanchis area close to the United Nations Economic Commission for Africa (UNECA) compound.

The company that was established in 2003 with a paid-up capital of 1.5 million Birr handed over keys to around 30 of its customers on Saturday

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