Tsehay Real Estate Plc launched construction of the US$ 200 million International Center, at Yeka Sub City, Addis Ababa, Capital reported.

Qian Tang, a shareholder in Tsehay, said the urban complex will become the second icon of Sino-African cooperation next to the African Union Headquarters. After the copletion of the complex, the Chinese Chamber of Commerce in Ethiopia, Chinese funded organizations, Chinese merchants, a Sino-Ethiopian industrial and commercial organization will move into the complex. This will become the largest urban complex in Ethiopia and an architectural landmark, Tang added.

Tsehay Real Estate plans to complete the construction of the residential buildings within the next two year and eighteen months later, the commercial center, Capital reported quoting Tang.

The construction is being done in cooperation with the Institute of Architecture Design and Research, the Chinese Academy of Science and Qian Tang Construction Plc., Qian Tang told Capital.

“We want to help develop the urban area, create a comfortable living space and boost the real estate industry,” Tang said.

The center will host star hotel, international standard offices, residences, a commercial pedestrian walkway, cinema, fitness amenities and children’s amusement park.

Source: Capital