Chinese Firm, DMC Trading Plc Sign Deal to Build a 5-Star Hotel in Addis

ADDIS ABABA – Ethiopian private firm DMC Trading Plc contracted a Chinese Construction company bulid a mixed-use building involving a five star hotel in Addis Ababa.

China Civil Engineering Construction Corporation (CCECC) and DMC Trading Plc signed the construction project agreement on Saturday.



The plan for a Hotel, mall and apartment development in the capital represent about an 14.2 billion investment.

Tthehe Chinese firm is expected to complete the construction project in three-and-half-year period.

“Our company selected CCECC due to its successful track record in effectively accomplishing various landmark development projects in Ethiopia,” said Dereje Habtamu, DMC CEO and owner of Trading Plc.

Dereje, who has been living in the US for 15 years, told ENA that he came to Ethiopia following the call made by Prime Minister Abiy Ahmed to the Ethiopian Diaspora to engage in development activities in their home land.

His company’s latest investment will create jobs for many citizens and strengthen the development of the tourism industry in the country.

Anothor landmark for Addis

CCECC, which entered Ethiopia’s construction sector in 2012, has carried out several development projects across the country including the Addis Ababa-Djibouti Standard Gauge Railway.

The firm’s Ethiopian office General Manager, Guo Chongfeng said CCECC is honored to undertake the construction of this project. 

“We will put in all our best talent, people, and equipment,” he said. “I believe it will become a landmark in Addis Ababa.”

CCECC is currently undertaking the China-aided future headquarters of the Africa Centers for Disease Control and Prevention in Addis Ababa.

Agencies

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