- The project is expected to be the biggest convention centre in East Africa
- A Chinese firm is the main contractor of the project
- The project is the result of a public-private partnership
Plans to construct a world class convention centre in Ethiopia are underway, the projects’ Share Company has said. In a press statement the Share Company said that it has hired a contractor for the construction of phase one of the Addis-Africa International Convention and Exhibition Center (AAICEC) in the Ethiopian capital.
The Chinese company named CGCOC GROUP CO. LTD, one of the top ten international contractors in the world is a contractor of the project.
Phase one construction of Addis-Africa International Convention and Exhibition Center shall cost over US$44b. The Center is expected to cost over 3 billion ETB to complete the whole phases of construction.
Three Years time budget is also allocated for the completion of Phase One construction. Ethiopian firm Universal Consultants together with its partners, will be responsible for the construction supervision and contract administration.
Sitting on 11 hectares of land in a prominent location, AAICEC is the first of its kind in the country, and in East Africa – it will provide flexible space for international, regional and national events, which in turn will create great economic benefits to Ethiopia as a whole. AAICEC is the result of a public-private partnership