Named “Addis Tomorrow Special Economic Zone,” the new development is situated in the heart of Addis Ababa, the capital of Ethiopia.
The inauguration ceremony took place a year after the signing of an agreement between the Addis Ababa City Administration and China Communications Construction Company (CCCC). The deal involves constructing the economic zone over a 35-hectare area, with an estimated cost of $700 million.
During the event, Prime Minister Abiy Ahmed highlighted that the economic zone is part of the government’s efforts to transform Addis Ababa into one of the world’s most beautiful cities, featuring smart communities with facilities like residential houses, shopping malls, hotels, and recreational centers.
“This is the start of our big dream of making Addis Ababa attractive as its name ‘New Flower’ refers to, and my gratitude goes to CCCC and the city administration for kicking start this project,” Abiy said.
He also mentioned that the Addis Tomorrow Special Economic Zone will be interconnected with other developing economic areas within the capital through the ongoing Addis Ababa corridor development.
Chen Zhong, deputy general manager of CCCC, reportedly committed to completing the project ahead of schedule while fostering cooperation and knowledge transfer.
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