A new 1.5 billion Br headquarters is set to replace the current National Theater, formerly known as Haile Selassie I Theatre.

The new 19-storey building will rest on 7,000Sqm of land located behind the headquarters of Awash Bank and Awash Insurance in Beherawi. Afro-Tsion Construction Plc will be constructing the building.

Expected to take five years to complete, the construction was started under the supervision of Addis Mebratu Consulting Architects & Engineers, a 21-year-old firm that previously consulted and supervised the construction of Commercial Bank of Ethiopia's Megenagna branch.

The construction of the building will create jobs for 650 people.

Source: Addis Fortune

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