Today, May 12, 2022, Bank of Abyssinia signed a historic contract with China State Construction Engineering Company for the construction of its tallest tower in East Africa.
The tower building will be the tallest structure in East Africa, standing 270 meters above ground on a 9700-meter-square plot of land near Mexico Square. The Bank of Abyssinia headquarters complex has a total built-up area of 174 thousand square meters. The main tower has 60 floors in total (56 floors above ground and four floors underground), said the bank in a statement.
Among the underground functions are the mechanical parking area, vault and equipment rooms, and vehicle lobby area. The sky garden is at the very top of the building. The top of the tower building accommodates the bank’s logo with a hollow glass curtain wall of diamond structure. The complex primarily consists of an office, a podium with nine levels above ground, a lobby, a mall, a cinema, and a lecture hall.
The building complex is made up of another block with 20 stories above ground and two stories underground.
In December 2020, China State Construction Engineering Company won an international competitive bid for the Bank of Abyssinia Future Head Quarters Construction Project.
According to the bank statement, the Bank of Abyssinia is the second-largest bank in terms of assets, deposits, and profitability among Ethiopia’s 20 private banks. Operating in the banking business for 26 successful years, Bank of Abyssinia owns a total asset of USD 2.7 billion and an average yearly profit of USD 100 million. Bank of Abyssinia has more than 700 branches all over the country and avails 24/7 services through digital channels and Self-Service branches.
China State Construction and Engineering Corporation’s Ethiopian construction projects include the African Union Conference Center, NOC Headquarters, and the new Commercial Bank of Ethiopia Head Quarters. Over 6,000 skyscrapers have been built by the company around the world.
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