The City Administration Bureau of Mega Projects of Addis have announced their plans which they hope to achieve by 2022. Addis Ababa’s plans for the city envisions building a Special Economic Zones (SEZs), in the metropolis. This is to encourage economic growth and enhance market access.
City’s Mega Projects Administrator, Shimelis Eshetu (Engineer) said that the economic zone will be built around Gotera roundabout. It will cover 34 hectares of land in partnership with the Chinese government. The project is expected to accelerate Addis Ababa’s economic activities and it would be one of the largest in Africa.
Currently, the newly inaugurated Addis Ababa mega projects are changing the livelihoods and immensely contributing in reviving economic activities, tourism and others. Recently, Meskel Square was renovated and inaugurated and it became one of the most standardized open spaces in Ethiopia.
Additionally, Addis Ababa’s plans for the city, specifically, the special economic zone will provide different services while integrating various facilities to feature the national culture, center of science and technology, real estate, hotel, market center and others. The total cost of the project is under study and direction is set to complete the construction of the project within a short time, the administrator added.
The bureau undertakes and administers two mega activities in the industrial and corporate sectors. Each of them undertakes different activities. Different projects languished behind schedules last year due to maladministration and other problems but, the bureau is planning to recommence those projects using the city’s budget or collaborating with investors and others concerning bodies.
Addis Ababa’s plans for the city include working with foreign investors. The city is planning to boost capital inflow as well as working with commitment to construct other similar projects in the city by avoiding unnecessary costs. On the other hand, the constriction of the projects will ease hardship related to service providing, Shimelis remarked.