Takele Uma launched 11 billion Housing project in Addis Ababa


Takele Uma deputy mayor of Addis Ababa launched in city today a private-public partnership housing project worth 11 billion birr.

The project which is set to build by Afar investors will be constructed on 5 hectares of land, the majority of the land is previously owned by the businessmen and nearly 15 thousand square meters is reportedly given by the city administration.

The project which is expected to provide over 450 resident houses will also include other facilities like shopping centers, hotels, entertainment buildings, greeneries and cultural centers that showcase cultures of Afar people.
Amibara housing project will create 25,000 permanent and temporary jobs for city residents.

Speaking at the launching ceremony Takele Uma says the project is designed to be an affordable housing one, the city administration will collaborate with other investors to introduce similar projects in order to address housing problems in the city.

Aysha Mohammed, Minister of Construction and Urban Development other higher government officials Afar community representatives were among the attendees of the launch ceremony.

Last year Prime Minister Abiy Ahmed launched in the capital Addis Ababa the largest mixed-use developments in Ethiopia and offering more than 4,000 residences worth 50 billion birr in Ethiopian currency.


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Solomon Yimer

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