MH Engineering PLC won the architectural design competition of Ethiopian Insurance Corporation's multi-purpose building, Capital reported.

The second and third runner ups, Image Consultancy PLC and Virtual Consulting PLC were awarded trophies.

Located around Ambassador park area on 12,000sqm, the construction of the corporations 33-storey building is estimated to cost 2.2 billion birr, according to Capital. The building will be used as the corporation’s headquarters, and the remaining space will rented out to other commercial services.

Since the corporation secured the plot for the construction of its headquarter in 2012, 21 consulting and engineering companies competed. Five designs were chosen as finalists and their designs were displayed at the Sheraton on February 4, the day of the award.

The Ethiopian Insurance Corporation was established in 1968. The corporation provides more than 15 types of life insurance as well as more than 30 non-life Insurance policies.

MH Engineering PLC was established in 1997. Since its formation, the company has designed and supervised the construction of over 300 buildings, according to Capital.

Source: Capital