Ethiopian Construction Works Corporation (ECWC) gained Birr 3.1 billion in revenue in the first six months of the 2022/2023 fiscal year from building, road and bridge, and water resource development projects. It also registered a gross profit of Birr 306.5 million during the same period.
The Ethiopian Construction Works Corporation (ECWC) has reported a revenue of Birr 11.84 billion for the 2023/2024 fiscal year, surpassing its target of Birr 11.78 billion. The corporation’s profit before tax reached nearly Birr 1.4 billion, marking an 81% increase in revenue and a doubling of profit compared to the previous year.
The Ethiopian Construction Works Corporation (ECWC) announced that it is currently managing 57 projects with a combined contract value of Birr 45.2 billion. The state-owned construction firm aims to generate Birr 1.9 billion in revenue this fiscal year.
Ethiopian Construction Works Corporation (ECWC) and Djibouti's Enterprise Dawaleh Construction (EDC) have signed a memorandum of understanding (MoU) to strengthen their strategic collaboration.
The Ethiopian Construction Works Corporation revealed that it was prepared to engage in the real estate sector in addition to its housing development program.
The Corporation is currently carrying out Addis Ababa City Administration’s housing renovation program and has also entered an agreement with the Administration for the construction of 10,000 houses which, according to the Corporation, will be completed within 2 years.
