MH Engineering Plc won an architectural design competition for the Ethiopian Insurance Corporation’s Multi-Purpose Building worth 2.2 billion birr. The second and third runner ups, Image Consultancy Plc and Virtual Consulting Plc were awarded trophies.
Located around Ambassador park area on 12,000sqm, the construction of the 33-storey building is estimated to cost 2.2 billion birr. The building will be used as the corporation’s headquarters, and the remaining rooms will be rented both for business and entertainment companies. The parking area will be able to accommodate 750 cars.
After the corporation secured the spot for the construction of the building in 2012, 21 consulting and engineering companies competed. Of all those five were chosen as finalists and their designs were displayed at the Sheraton on February 4, the day of the award.
The Ethiopian Insurance Corporation was formed in 1968. It provides more than 15 types of life insurance as well as more than 30 non-life Insurance policies.
MH Engineering plc was established in 1997. Since its formation, the company has designed and supervised the construction of over 300 buildings.