Engaged in major construction projects in Africa and Ethiopia, ranging from the development of industrial parks to the construction of airport facilities, China Civil Engineering and Construction Company (CCECC) has announced plans to engage in the real-estate sector in Ethiopia as well as other African countries to avert risks related to giant projects it is implementing in the continent.
With a growing Chinese presence within Ethiopia, China Communications Construction Company Ltd (CCCC) is set to make its regional head office at Addis Ababa. To be called CCC’s East Africa Head Office, Technology and Innovation Center for Construction Technologies, it will be situated on a 30,000 m2 plot of land.
A repeatable UAE contractor Shafa Al Nahda, long associated with DP World another known port developer and operator, has clinched the USD 101 million expansion projects planned at the Port of Berbera, Somaliland this week.
AddisBuild, Ethiopia’s premier construction event, is set to host its annual event at the Millennium Hall starting Wednesday next week. In collaboration with the Turkish based Ladin International Fair & Congress Organization INC. and Ethel Advertising and Communication PLC. Of Ethiopia; the exhibition is expected to host hundreds of investors inching to get into the booming local construction industry.
The annual report, which features hotel projects across major destinations globally, has named Ethiopia as the third most evolving market of the hospitality industry with a growing number of hotel projects in the pipeline this year.
Following the recent escalation in the price of construction materials, Addis Ababa Procurement & Property Administration Agency has approved a price adjustment request from two cement suppliers, who clinch the latest cement purchase bid.