Construction Of 58-Floor Hotel Should Begin In Addis Ababa Later This Year
This week, International Construction reports that the China-based Guangdong Chuanhui Group recently signed a land agreement with the Addis Ababa City Administration in Ethiopia to start construction on the tallest building in Africa later this year. Although final details have yet to be released, what we do know is that the 58-story building will house a five-star hotel and stand four stories higher than Africa’s current tallest building, the 54-story Carlton Centre in Johannesburg, South Africa.
Chuanhui’s new tower, one of five high-end hotel projects it has planned for the Ethiopian capital, will cover around 50,000 square meters of land and is expected to cost around US$146.5 million. At this week’s signing ceremony, Addis Ababa mayor Kuma Demeksa said the project would “provide jobs and promote local economic development,” adding that he expected the Chuanhui Hotel to become “an African landmark.”
Construction is projected to take 18 months.
While construction by Chinese developers in Africa is often a hot-button topic, it appears that Chuanhui is looking to home in on a clear niche in the Addis Ababa market. Currently, the city has only three five-star hotels, but as the Ethiopian government looks to boost tourism and MICE (meetings, incentives, conferences and events), demand at the high end is said to be growing.