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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.
to regulate and supervise the industry and quality assurance. to allow participation from civil society or private sectors. to enhance urban and construction model by conducting periodical research and studies. Chaltu Sani is the current minister as urban and infrastructure since 2021. [4]
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.
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]
The construction industry contributes significantly to many countries' gross domestic products . Global expenditure on construction activities was about $4 trillion in 2012. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global GDP. This spending was forecasted to rise to around ...
In 1969, the Building College merged with the College of Engineering and formed the Faculty of Technology under Addis Ababa University, and remained as such until 2009.On 6 March 2010, the institute was reformed into its current state as the Ethiopian Institute of Architecture, Building Construction and City Development.
The First Five-Year Plan (1957–1961) sought to develop transportation infrastructure, the construction industry, and communication between regions. Another goal was to create a framework of skilled or semiskilled labor in the processing industries to reduce import dependency in Ethiopia.
The organization included nine industrial groups, the largest of which was manufacturing, which had accounted for 29.2 percent of the membership in 1982/83, followed by agriculture, forestry, and fishing with 26.6 percent, services with 15.1 percent, transportation with 8.1 percent, construction with 8.0 percent, trade with 6.2 percent ...