Construction Sector in Ethiopia
- The Trade Adviser
- Oct 15, 2024
- 1 min read
Updated: Jun 14
Ethiopia's construction sector is experiencing significant growth, driven by a mix of government initiatives, foreign investments, and a rising demand for infrastructure. This article explores the various aspects of the construction industry in Ethiopia, from its historical roots to its current challenges and future opportunities.
Key Takeaways
The construction industry in Ethiopia was valued at $69.5 billion in 2023 and is expected to grow at over 8% annually until 2028.
Key sectors include infrastructure, commercial, and residential construction, all benefiting from government and private investments.
Foreign companies, especially from China, play a major role in large construction projects across the country.
The government is focusing on improving energy and water infrastructure to support sector growth and meet urban population needs.
Challenges like material shortages and project delays are significant but present opportunities for growth in the market.
