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                                              What is New

     New AIB and AIC Head Quarters Complex


                                     Future AIB and AIC Head Quarters' Complex 

Construction Agreement Signed for AIB/AIC Headquarters Complex


Awash International Bank S.C. (AIB) and Awash Insurance Company S.C. (AIC) have signed a contract agreement with M/S Geom. Luigi Varnero Plc. for the construction of the head quarters buildings of the two sister institutions.

The 16 and 14 storey twin buildings will be constructed on a 3000 square meters plot of land near Bedilu building along Ras Abebe Aregay Street at a total cost of Birr 153.3 million, including VAT and contingencies.  M/S Varnero Plc. are expected to complete the construction of the twin buildings within 35 months.

The design work of the buildings was carried out by M/S Metaferia consulting Engineers Plc.  MAT Consulting Architects and Engineers Plc. served AIB and AIC as Advisory Consultants.

A ground breaking ceremony (in lieu of laying foundation) was held on 15 April 2006 and the contractor immediately started digging the foundation.  The work is well underway since then..



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This site was last updated 05/04/06