Ethiopia’s state-backed property developer, the Ethiopia’s Federal Housing Corporation (FHC) has finalized all necessary preliminary preparations to launch the construction of modern residential and commercial properties in Juba, signaling its readiness to break ground on its landmark cross-border real estate venture.
The project transitions into the implementation phase following the signing of a definitive operational contract in Juba on Saturday. The new accord directly operationalizes a prior Memorandum of Understanding (MoU) signed between the two parties in Addis Ababa.
The agreement was formally executed by FHC Chief Executive Officer, Reshad Kemal, and the Governor of South Sudan’s Central Equatoria State, Emmanuel Adil.
Under the terms of the strategic partnership, the FHC will spearhead the development of modern commercial complexes and residential buildings designed to address the rapidly growing demand for housing in the South Sudanese capital.
A technical study report submitted by Central Equatoria’s Construction and Housing Corporation has been meticulously reviewed, allowing officials to finalize structural building site selections and wrap up essential pre-construction assessments.
On the sidelines of the signing ceremony, Reshad held high-level discussions with South Sudanese Special Envoy, Adut Kiir, to solidify inter-governmental coordination.
During the talks, Envoy Adut Kiir emphasized that South Sudan’s federal government is fully committed to extending all necessary administrative and political support to ensure the housing program’s success. She expressed strong confidence that launching these physical construction projects will elevate the historic and brotherly bilateral relations between Ethiopia and South Sudan to a higher milestone.
Reshad underscored that the FHC’s entry into the South Sudanese property market is deeply rooted in the core principles of mutual benefit, regional solidarity, and brotherhood. He announced that the corporation will deploy technical expertise and advanced modern building technologies to ensure the project’s success, adding that the first phase will concentrate on Central Equatoria State before expanding to other major cities and towns across South Sudan.
Governor Emmanuel Adil stated that the partnership reflects the state government’s rigorous efforts to transform Juba into a modern, well-planned city. He added that the agreement builds seamlessly on the strong relationship shared between South Sudan and Ethiopia and will play a pivotal role in accelerating urban development and creating robust investment opportunities in the regional real estate sector.
