Addis Ababa: The government of Ethiopia reaffirmed commitment to work with the private companies in the construction sector through Public Private Partnership.
On a bright morning in the heart of Addis Ababa, the bustling city welcomed the inauguration of a remarkable housing project carried out by Gift Real Estate, a testament to the power of collaboration between the government and private entities.
Urban Development and Construction Minister Chaltu Sani, Deputy Mayor of Addis Ababa, Jantirar Abay, executives from Gift Real Estate and other invited guests were in attendance at the inaugural ceremony.
As the ceremony unfolded, Minister Chaltu Sani expressed government’s commitment to fostering growth, praising the city’s development strategies that seamlessly integrate progress and sustainability.
Chaltu highlighted the diverse development options being explored to support infrastructure and housing projects, nurturing the nation’s urban growth.
Her words resonated with the audience as she acknowledged
the pivotal role played by public-private partnerships, crediting Gift Real Estate as a shining example of such collaborations.
Recounting Gift Real Estate’s impressive track record, which includes the successful completion of two modern condominium housing projects, Chaltu expressed her confidence in the continued intensification of government-private sector efforts to address the pressing housing challenges faced by many Ethiopians.
In a clarion call to investors, both domestic and foreign, the minister vowed to strengthen the government’s support for companies engaged in the housing construction sector.
Her invitation was a resounding endorsement of the immense potential that lies in fostering a diverse and thriving real estate industry.
Addressing the challenges posed by rising construction material costs, Chaltu advocated for a two-pronged approach: bolstering local production capabilities and embracing modern technologies. Her pragmatic vision underscored the government’s commitment to overcoming ob
stacles and ensuring the sustainable growth of the construction sector.
As the ceremony drew to a close, Gift Real Estate’s CEO, Gebreyesus Igata, took the stage, his words brimming with pride. Introducing the company’s latest marvel, a 54,000-square-meter ultra-modern village in the Lemi Kura area, he recounted the success of their previous projects in Yeka and CMC. This third village, spanning 54,000 square meters in the Feresbet area, stood as a testament to Gift Real Estate’s enduring commitment to redefining urban living.
With a track record spanning over three decades in the construction industry, Gift Real Estate has embraced a philosophy of “building communities.”
Their villages are meticulously planned to foster a harmonious blend of modern amenities and the cherished traditions of Ethiopian social life. This unique approach sets their developments apart, offering a diverse array of housing options, from towering 24-floor apartment buildings to cozy villas, town-houses, and row houses, complemente
d by an array of shops and services.
As the vibrant colors and sleek designs of the new village unfolded before the attendees’ eyes, it became evident that this project was more than just a collection of buildings; it was a celebration of innovation, collaboration, and a shared vision for a prosperous and sustainable urban future.
Source: Ethiopian News Agency