Addis Ababa is executing a massive and highly visible infrastructure investment program, the Corridor Development, with the goal of creating a more comfortable, healthy, clean, and competitive city for its residents. This ambitious undertaking, which was detailed on the Addis Ababa Mayor's Office social media page, is more than an aesthetic project; it represents a fundamental commitment to improving the quality of life and generating substantial economic opportunity.
Comprehensive Infrastructure Enhancements
The city’s investments are fundamentally changing its landscape, as confirmed by details released by the Mayor's Office. New green spaces and public recreational areas are being established across the city. The development also features new civic and leisure amenities, including amphitheaters, plazas, bicycle lanes, and pedestrian walkways. Coupled with upgraded sports facilities, terminals, and riverside developments, these additions are making Addis Ababa an increasingly desirable place to live.
Generating Substantial Economic Impact
The economic impact of this development is profound, creating direct opportunities for the community. The construction phase alone was responsible for creating over 170,000 jobs. Furthermore, the project has overseen the construction of over 5,000 shops and malls for community benefit, with the resulting new amenities now providing direct, sustained job opportunities to hundreds of thousands of residents.
Investor Confidence and Growth
Addis Ababa is actively attracting investment, with various large-scale projects involving both domestic and foreign partners. A major Public-Private Partnership (PPP) investment is currently in motion for the 2017 budget year, dedicating 1.56 trillion birr and granting licenses to 4,168 investors. These statistics, published by the city administration, highlight a significant allocation and licensing activity that serves as a powerful testament to the city's robust confidence and forward-looking growth.
Funded by Savings, Not External Loans
In response to detractors who attempt to obstruct or belittle the progress—driven by unhappiness with the capital's rise and attempts to impose external control—the city maintains a clear position, articulated through its official channels: this astonishing, globally discussed development was achieved by investing the city's budget judiciously, free from waste, and through high levels of SAVINGS—without requiring any external aid or loans.
The city government affirms its commitment to diligently and faithfully serving its people, continuing its drive to build an Addis Ababa that is suitable for living, beautiful, and clean—a beautiful flower, just as its name suggests.
