The Addis Ababa City Administration has launched its largest land auction to date, offering 14.3 hectares of prime real estate to developers and investors. The auction, organized by the Land Development Management Bureau (LDMB), began on October 18th and will run until October 31st, 2024.
The auction encompasses a total of 143,140 square meters of land, marking the largest area ever offered in a single auction by the Addis Ababa City Administration. Chali Abraham, Director of LDMB's Developed Land Transfer and Lease Monitoring, highlighted that the plots are strategically located across all sub-districts of the city, excluding Kirkos.
This is the fourth round of land leasing since 2016, demonstrating the city's continued commitment to attracting investment and development. The administration urges interested parties to participate in this unprecedented opportunity to acquire valuable land in Ethiopia's capital.
The City Administration encourages interested parties to seize this unprecedented opportunity to acquire valuable land in Ethiopia's capital.
Source
2merkato.com