Ethiopian Electric Power Opens $445 Million International Bid for Landmark 62-Story HQ











Addis Ababa, Ethiopia – May 19, 2025 – Ethiopian Electric Power (EEP) has launched an international pre-qualification process for the design and construction of a landmark 62-story headquarters in the heart of Addis Ababa, valued at an estimated $445 million.

The mega project will rise in the city’s Mexican neighborhood, on a 20,792-square-meter plot within the Addis Ababa Financial Center. With a planned height of 327.5 meters and a total floor area of 197,800 square meters, the tower is set to become one of the tallest and most iconic buildings in the region. It will be developed under an Engineering, Procurement, and Construction (EPC) contract and is expected to be completed within four years.

EEP is targeting internationally reputable contractors with strong financial and technical credentials. To qualify, applicants must demonstrate an average annual revenue of at least $230 million over the past five years and present audited financial reports for the same period. Technically, bidders must have at least a decade of experience and a proven track record of executing large-scale commercial construction projects valued at $370 million or more.

Dar Al-Handasah (Shair and Partners) has been appointed as the design and construction supervision consultant for the project. According to officials, the headquarters is expected to transform the Addis Ababa skyline and significantly enhance the city’s commercial infrastructure, while also setting new benchmarks for environmental and engineering standards in the country.

The initiative marks one of the largest real estate investments in Ethiopia to date and underscores the government’s ambition to position Addis Ababa as a regional financial and business hub.