The Ethiopian government on Thursday reiterated its zero-tolerance strategy to corruption and maladministration hampering Ethiopia’s construction industry to fully exploit the sector’s huge economic significance within the coming decade.
The statement was made by the Ethiopian Prime Minister Abiy Ahmed on Thursday, as he underscored the huge significance of the construction industry sector in transforming the country’s economy as part of the Ethiopian government’s ten-year construction sector strategy.
“The construction sector is fundamental in ensuring the development of a country,” Ahmed told a high-level national construction industry conference, which brought together construction sector stakeholders in the Ethiopian capital Addis Ababa.
The Ethiopian premier, noting the sector’s “huge role for development,” however, stressed that the east African country has not been able to effectively tap on the potential of the construction industry due to the prevalence of corruption and maladministration in the sector.
Ahmed also vowed to address corruption and other impediments that are affecting Ethiopia’s construction industry. He further called on both public and private sector actors to exert concerted efforts in partnership with the government in tackling such perils in a bid to fully exploit the construction sector’s full potential, with particular emphasis given to realizing Ethiopia’s development aspirations in the coming decade.
The national construction industry conference, which is being held for the second time in Ethiopia, mainly assessed the major bottlenecks that are impeding the country’s progress in the construction industry sector, as well as possible measures to boost the sector’s contribution to Ethiopia’s overall socio-economic development.
As the Ethiopian government in recent years singled out strengthening engagements in the construction sector as one of the major economic pillars in fulfilling the country’s ambition to achieve a lower-middle-income economy target by 2025, Chinese construction companies have been injecting the much-needed impetus to the development of the sector through the application of the latest technologies and expertise. Enditem