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Construction industry has been the second largest economic sector in Ethiopia with annual growth of 11.6%. Infrastructures and buildings of residential or non-residential are regularly constructed with government intervention in policy to encourage sustainable growth, and foreign direct investment from Chinese and European investors.
The Addis Ababa City Roads Authority awarded three million birr contract to the China Civil Engineering Construction Corporation and the World Bank, the latter previously contracted since 2016. [2] The Corridor project has been controversial due to relation with the current major house demolition in Addis Ababa particularly in old parts of the ...
Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [80] Industry, mainly construction, and services accounted for most of the growth.
Name Parent company Year established/operation Ref Derba MIDROC Cement: MIDROC: 2012 [1]Habesha Cement: Habesha Cement S.C. 2008 [2]Lemi National Cement Factory
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In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
The bank said its investments in Ethiopia had helped slash child mortality in half and increase primary school enrollment by 13 percent in less than a decade. The Ethiopian government has said its resettlement campaign in Gambella relocated 37,883 families before it concluded in mid-2013.
The Hawassa Industrial Park, inaugurated on 13 July 2016, [3] is a government-funded project in Ethiopia, specializing in the textile and garment industry. [4] [5] During the opening ceremony, Prime Minister Hailemariam Desalegn described the industrial park as an important step towards Ethiopia's goal of becoming a leading manufacturing hub in Africa. [6]