– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Fitch Revises Nigeria’s Credit Outlook to Positive as Foreign Reserves Strengthen
Ethiopia Launches Precious Metals Refinery With Capacity to Process 600 Tonnes Annually
IMF Reaches $1.5 Billion Staff-Level Agreement With Zambia on New Three-Year Programme
Kenya Approves $350 Million Financing for Kenya Airways as Restructuring Advances
Ecobank to Join China’s CIPS Payment System as Africa-China Trade Expands
Fitch Affirms Egypt’s Credit Rating as Public Debt and Financing Pressures Ease
Zimbabwe Maintains January 2027 Lithium Concentrate Export Ban
Airtel Money Raises $703 Million in London IPO as Shares Edge Above Offer Price
Moody’s Raises Sub-Saharan Africa’s Outlook to Positive as Debt Pressures Ease
Kenya’s Budget Deficit Set to Widen to 5.9% of GDP in 2027/28
DR Congo Central Bank Holds Benchmark Interest Rate at 12.5%
Zambia Separates US Critical Minerals Talks From $1.5 Billion Health Funding Agreement
World Bank Sees Nigeria Growth Averaging 4.4% Through 2028 as Reforms Support Recovery
Ghana’s COCOBOD Raises $288 Million in Domestic Debt to Finance Cocoa Purchases
Zimbabwe’s Lithium Export Earnings Surge to $2.16 Billion as Prices Rally
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Aviation » Chinese Construction Firms Lead Shortlist for Ethiopian Airlines’ $12.5 Billion Airport
Aviation

Chinese Construction Firms Lead Shortlist for Ethiopian Airlines’ $12.5 Billion Airport

by Mintesinot Nigussie August 23, 2026
written by Mintesinot Nigussie August 23, 2026
Ethiopian Airlines
Ethiopian Airlines Source: AFP via Getty Images
FacebookTwitterLinkedinEmail
60

ADDIS ABABA, Aug 23 – Chinese construction companies have emerged as major contenders for the construction of Ethiopian Airlines’ planned $12.5 billion airport, as the carrier moves closer to selecting contractors for the multibillion-dollar aviation project.

Ethiopian Airlines said several Chinese companies and Chinese-led joint ventures were among 33 firms and consortia shortlisted for construction contracts covering the airport terminal, support infrastructure, airfield and connecting roads. The shortlisted bidders will now proceed to the tender stage.

Chinese companies or ventures led by Chinese firms accounted for 15 of the 33 shortlisted entries, highlighting the strong presence of Chinese contractors in one of Africa’s largest planned infrastructure projects.

The companies include China Communications Construction Company, China Civil Engineering Construction Corporation, China Road and Bridge Corporation and Beijing Urban Construction Group. They will compete against international groups including Italy’s Webuild, France’s Vinci, South Korea’s Samsung C&T and Turkey’s Kalyon and IC Ictas.

You Might Be Interested In
  • Nigerian Airlines Face High Aircraft Insurance Premiums Despite IDERA Gains

The airport is planned for construction southeast of Addis Ababa and is intended to relieve pressure on Bole International Airport, Ethiopian Airlines’ existing hub. Once completed, the new facility is expected to accommodate as many as 110 million passengers annually.

Ethiopian Airlines awarded the airport’s design contract in January, moving the project closer to its construction phase. Ethiopian officials have said the facility is expected to become Africa’s largest airport when it is completed, with a target completion date of 2030.

The scale of the project reflects Ethiopia’s ambition to expand its position as a major aviation hub connecting Africa with international markets. Ethiopian Airlines has built one of the continent’s largest aviation networks, making additional airport capacity increasingly important as passenger and cargo traffic grows.

Financing is also being arranged for the development, with the African Development Bank involved in the funding process and expected to contribute $500 million to the project.

The airport project forms part of a broader expansion of aviation infrastructure across East Africa. Kenya and Rwanda are also investing in airport and aviation capacity as governments seek to support tourism, passenger travel and regional trade.

Read Next

  • World Bank Raises Africa’s 2026 Growth Forecast to 4.3%, Calls for AI Investment

    October 6, 2026
  • Burundi’s Ndayishimiye Elected African Union Chairperson for 2026

    February 14, 2026
  • Citigroup Appoints André Ross From JPMorgan to Lead South Africa Operations

    May 8, 2026
  • MSC Imposes War Risk Surcharge on Shipments to Africa

    March 5, 2026
  • Global Oil Prices Surge Above $122 Amid US-Iran Conflict Risks

    April 30, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.