Ethiopia Condominium news-real estate developers are taking it
Ethiopia Condominium news. Foreign companies are unable to participate in the construction of joint venture houses because of foreign currency shortages. Next, real estate developers are collaborating with the government to participate in the development of the home development project.
Ministry of Urban Development and Construction, Public Relations and Communication Head of Public Relations Ato Ethiopia Bedecha, expressed interest in engaging foreign companies in the country in order to gradually increase their growing housing needs.
According to them, in the year 2005 alone, nine hundred thousand people who are over 18 years of age are registered. Subscribers are re-registered according to the newly created 10/90 20/80 and 40/60 Housing Transfer Program. It is not possible to reach this maximum demand for housing by domestic contractors only.
The manager, who has been very interested in supporting foreign companies as a foreign company, has said that he has not been able to engage foreign domestic companies in the domestic housing development program as he does not have the required foreign currency fluctuations.
Ethiopia Condominium news
As Ethiopia noted, a document was prepared to implement the Private Sector and Government Partnership Program to address the problem. Under the program, future state-plan developers will collaborate with the government to become involved in the development of the home development project.
In this program, the government mainly builds land, while the private sector integrates with the financial institutions, and the private sector is involved. This is a major focus of the public and private sector