Oromia Broadcasting Network to build new media complex for 1.5 Billion Birr
Oromia Broadcasting Network (OBN), the regional broadcaster of the Oromia Regional State, is soon to acquire a modern media complex for 1.45 billion Br in Addis Abeba.
Elilly Hotel, located off Joseph Tito Street, was the venue where Oromia Urban Development & Housing Bureau signed a contract agreement with China State Construction Engineering Ethiopia (CSCEE) last Saturday. The new media complex will be built behind Dembel City Centre, off Africa Avenue, on a 4,893sqm of land secured from the Addis Abeba City Administration. Soil investigation on the site was carried out about a year ago.
The complex will make the regional-state owned broadcaster the first in the media industry to own a state of the art headquarters.
The Oromia Water Works Design & Supervision Enterprise, established in 2006, will consult on the 11-storey building project that sits on 4,000sqm foot print and is expected to be completed within a 900-day period from signing.
CSCEE has completed the construction of Chinese Global TV Network (CGTN) and African Union’s (AU) headquarters, and is currently constructing the headquarters of the Commercial Bank of Ethiopia’s (CBE) and the new Addis Abeba Stadium. The company was selected after a shortlisted competitive bidding against four other Chinese state-owned contractors through the Chinese Embassy.
Read more at: Addis Fortune
