The Addis Ababa City Administration has announced the auction of 14.3 hectares of land, marking a significant opportunity for

potential investors and developers. The auction, organized by the Land Development Management Bureau (LDMB), opened on October 18 and will run until October 31, 2024.

Chali Abraham, the Director of LDMB’s Developed Land Transfer and Lease Monitoring, revealed that the available plots are spread across all sub-districts of the city, with the exception of Kirkos. This latest auction represents the fourth round of land leasing since 2016 Ethiopian year (2023/24), with a total of 143,140 square meters up for bid in this cycle alone.

This round boasts the largest area of land ever offered for auction by the Addis Ababa City Administration. The administration encourages interested parties to participate in the auction and seize this unprecedented chance to acquire valuable land in Ethiopia's capital.

2merkato, Ethiopia's leading business portal, has partnered with the City Government of Addis Ababa Land Development and Administration Bureau to provide access to interested buyer to upcoming land lease tenders. Interested buyers can conveniently purchase tender documents directly on addisland.2merkato.com using Telebirr, Ethiopia's digital payment platform.

2Merkato’s tender services simplify document acquisition and foster wider participation for businesses and individuals seeking opportunities in Addis Ababa's developing landscape. By expediting tender processing timelines, these services also enhance efficiency, resulting in significant time savings for all stakeholders engaged in the bidding process. This contributes to a more efficient tender process and aligns with Ethiopia's digitalization efforts. 2merkato's tender service continues to experience significant growth, solidifying its position as a trusted resource for Ethiopian businesses.

Source: Fana BC and 2Merkato Archives