Market News | Buildexpo Ethiopia 2020

Market News

ETHIOPIA 2020 - THE 100 MILLION MARKET

With an aim to become the most favourable investment destination, Ethiopia is currently undertaking massive infrastructural projects. A few of them are:


  • The 12000 KM long Addis light railway and Addis-Adama express which has been newly constructed.
  • Six major railway routes linking major areas with industry clusters are under construction.
  • USD 13 billion worth of road projects have already been sanctioned and many more in the pipeline for allotment
  • $4.8 billion hydroelectric dam project the Grand Ethiopian Renaissance Dam project is nearing it completion and is expected to increase the power generation capacity of the country by more than 6000 MW.
  • The Government of Ethiopia plans to reach 17000 MW in power generation capacity by 2020, in order to meet the 100% electrification target.  Solar, wind, geo-thermal as well as nuclear power plant options are being considered to promote clean energy.
  • The country's biggest contributor of foreign investment the Ethiopian Airlines which is also one of the fastest growing and largest aviation group in Africa, will add 37 destinations by 2020 and increase its fleet and cargo capacity by more than 40%.
  • The Government of Ethiopia has liberalized major state monopoly companies including Ethiopian Airlines, Ethio-Telecom, Ethiopian shipping Lines and Ethiopian Electric Power Corporation in order to open the sectors for foreign investors

These measures and more have been decided to ultimately help the Ethiopian economy grow and be competitive in the international market.

  • Cooperation between Ethiopia and Chinese firms is leaping to boost Ethiopia's construction sector

    Posted on :Tuesday , 7th January 2020

    The cooperation between the Ethiopian Ministry of Urban Development and Construction (MoUDC) and Chinese firms has increased to boost the construction sector of Ethiopia.
     

    Ethiopia has put forward a 10-year strategic plan to develop its construction sector, and Chinese construction firms will play a key role in fulfilling the plan said by Aysha Mohammed.


    She also said t. . .

  • USD 69 million road project in Jimma launched by PM Abiy

    Posted on :Monday , 6th January 2020

    Ethiopian Prime Minister Abiy Ahmed has recently launched a USD 69 million road project in Jimma, Oromia region of the country. A Chinese company received the tender to build this road.

     

    The original road was built 45 years ago, since then it does deteriorate making the road difficult to utilize. It takes five hours to travel 94 kilometers through this road.

     

  • USD 156 million Tadjourah-Balho-Mekele road connecting Djibouti and Ethiopia has inaugurated

    Posted on :Thursday , 26th December 2019

    The highway connecting Djibouti and Ethiopia, namely, Tadjourah-Balho-Mekele road, has been inaugurated recently. Ismail Omar Guelleh, President of Djibouti, Ethiopian minister of transport, and other dignities have attended the ceremony.

    The total length of the road is 120km, which connects Tadjoura port of Djibouti to the Balho of Ethiopia. The Tadjoura port mainly focuses on general ca. . .

  • Germany invests 352.5 million Euros into Ethiopian infrastructural projects

    Posted on :Monday , 23rd December 2019

    An ambitious project to provide full water, sanitation and electricity access to all the citizens by the year 2025 has been started The Government of Ethiopia. As announced by Sileshi Bekele (PhD), Minister Water Irrigation and Electricity in Addis Ababa, Ethiopia. He said, “We are anticipating full access of water and sanitation by 2025. Urban water and sanitation system nee. . .

  • Construction of the saddle dam in GERD project has fully completed

    Posted on :Monday , 25th November 2019

    The saddle dam of Grand Ethiopian Renaissance Dam (GERD)s construction has fully completed, declared by Engineer Girma Mengistu, the head of civil construction in the project.

    Mengistu said that they have finished constructing the upstream face of the saddle dam, which marks the completion of entire saddle dam. The construction took 14 million cubic meters of the concrete embankment.

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