Upcoming projects
Ethiopia is amongst East African countries that have been ranked to have a suitable land for construction business to flourish. The construction industry in the region is growing and offering a green market through the various ongoing mega projects
About
Mesob Tower
Mesob Tower is unique and reflects Ethiopia’s culture. The public-private partnership development upon completion, will contribute to, inflow of tourists and will also enhance the positive image of the country.
The 70-storey development will be located in the country’s capital city, in Addis Ababa. It will be 250 metres high and will sit on a 20,000 square meters of land. The US $681m project will feature hotels, shopping malls, a cultural center representative of all regions of Ethiopia, a gym and a golf club, among other things. The development is projected to be completed in five years’ time.
About
Grand Ethiopian Renaissance dam
The GERD project has been under construction since 2011. It is in the Benishangul-Gumuz Region of Ethiopia, about 15 km (9 mi) east of the border with Sudan. At 6,450 MW, the dam will be the largest hydroelectric power plant in Africa when completed, as well as the 7th largest in the world.
The project is currently 71% complete Once completed, the reservoir will take from 5 to 15 years to fill with water. It has however faced various challenges including the regional dispute over the flow of river Nile, delays and also cancellation of the initial contract with METEC which is run by the Ethiopian Military.
About
Genale Dawa III hydroelectric plant
Built by a Chinese firm – China Gezhouba Group – Genale Dawa III hydroelectric plant has consumed a total investment outlay of US $451m, out of which about US $67.8mn was covered by the Government of Ethiopia. The remaining was covered by a loan, reported Construction Review Online.
The project was initially launched in 2010, but was temporarily suspended for more than a year due to certain setbacks related to resettlement of residents living close to the dam. The completion of the project is said to help increase the country’s electric power generation capacity to 4654 MW from the existing 4,200 MW; and help enhance the economic benefits of Genale and Dawa communities through expanding irrigation development.
