﻿What is driving Ethiopia's construction of the 1.4 billion dollar La gare city
Due to Ethiopia's rich cultural heritage, which extends back more than 3 million years,
as well as its breathtaking natural beauty, the country has become an attractive destination,
and it is on track to achieve transformational growth through ambitious development projects.
Eagle Hills is making an investment in Ethiopia as part of its ongoing commitment to realizing the
full potential of the world's most spectacular sites, a commitment that began in 2008.
Eagle Hills is reaching out to people who want to see Ethiopia from the comfort of
their own homes in the nation, thanks to its mixed-use buildings and residential offerings.
Addis Ababa, the nation's capital, is a throbbing metropolis with promising commercial prospects
and a diverse range of cultural attractions to offer visitors. The African Union's headquarters
are located in Addis Ababa, which also serves as the headquarters of the United Nations Economic
Commission for Africa (ECA). Addis Ababa is also known as the "political capital of Africa,"
and it is at the forefront of the country's new growth narrative.
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A master-planned community by Eagle Hills, La Gare is located in the heart of Addis Ababa,
in the historic setting of the La Gare train station, in the heart of the capital.
Celebrate the city's heritage by revitalizing its land, which has a rich historical context and will
further energize the economy while also bringing back to life an iconic location that will live on
in people's minds for years to come. The Addis Bole International Airport, as well as a metro
line running along its northern boundary, make it easy to get to La Gare from anywhere in Ethiopia.
La Gare is one of the largest integrated lifestyle communities in Ethiopia,
with more than 4,000 residences spread across an area of more than 360,000 sqm. It is one of the
largest of its kind in the country. Visitors can take advantage of a wide range of business, hotel,
retail, and leisure facilities that are located within a gated community surrounding a green park,
expanding their lifestyle options while also stimulating the local economy.
A record amount of money is being invested in and developed for urban infrastructure on the
African continent, which is unprecedented. Ethiopia's capital, Addis Ababa, is one of
the most rapidly developing cities in Africa, with a massive investment in infrastructure.
In the last two decades, Addis Ababa has made tremendous strides, and a new urban aesthetic is
emerging in East Africa. Addis Ababa, Ethiopia's vibrant metropolis, is experiencing a housing
crisis, similar to that of most major cities around the world, as a result of the country's
rapidly growing population and rural-to-urban migration. Residents of Addis Ababa have been
complaining about a scarcity of available housing. Knowing about this issue, Ethiopia's government
has worked hard to construct several residences in various locations throughout the city.
Due to Ethiopia's rich cultural heritage, which extends back more than 3 million years,
as well as its breathtaking natural beauty, the country has become an attractive destination,
and it is on track to achieve transformational growth through ambitious development projects.
Eagle Hills is making an investment in Ethiopia as part of its ongoing
commitment to realizing the full potential of the world's most
spectacular sites, a commitment that began in 2008. Eagle Hills is reaching out to people
who want to see Ethiopia from the comfort of their own homes in the nation, thanks to its
mixed-use buildings and residential offerings. Addis Ababa, the nation's capital, is a throbbing
metropolis with promising commercial prospects and a diverse range of cultural attractions
to offer visitors. The African Union's headquarters are located in Addis Ababa,
which also serves as the headquarters of the United Nations Economic Commission for Africa
(ECA). Addis Ababa is also known as the "political capital of Africa," and it is at the forefront
of the country's new growth narrative. A master-planned community by Eagle Hills,
La Gare is located in the heart of Addis Ababa, in the historic setting of the La Gare train station,
in the heart of the capital. Celebrate the city's heritage by revitalizing its land,
which has a rich historical context and will further energize the economy while also bringing
back to life an iconic location that will live on in people's minds for years to come. The Addis
Bole International Airport, as well as a metro line running along its northern boundary, make it
easy to get to La Gare from anywhere in Ethiopia. La Gare is one of the largest integrated lifestyle
communities in Ethiopia, with more than 4,000 residences spread across an area
of more than 360,000 sqm. It is one of the largest of its kind in the country. Visitors
can take advantage of a wide range of business, hotel, retail, and leisure facilities that are
located within a gated community surrounding a green park, expanding their lifestyle options
while also stimulating the local economy. Since taking office in 2018, Prime Minister
Abiy Ahmed's administration has embarked on a number of large-scale urban development projects.
There is also La gare, a 36-hectare real estate development project that aims to alleviate Addis
Ababa's dire housing shortage. The La gare project is meant to give Africa's political
capital a much-needed facelift. In addition, rising land values and more Durban tourists
will create cash. The project is said to be one of the most recent additions to the
city's skyline, which has seen tremendous transformations over the past 20 years.
Located in the heart of Addis Ababa, the new ultra-modern smart city
known as La gate (which translates from French as "station") served as the city's main railway
station and the terminus for the first Addis Ababa-Djibouti train line in the Horn of Africa.
The building was completed in 1917. The station served as a focal point of the capital and the
primary entry point for travelers into the city. La gare, with its exceptional
layout of residences and commercial offices, will serve as a new lifestyle central for Addis Ababa
and the surrounding region. Within a secure and exclusive setting surrounding a park,
La Gare represents an integrated community that includes residential, commercial,
hospitality, retail, and leisure facilities in a single secure and exclusive setting.
The community's focal point will be two 34-story towers that will open to magnificent views of the
city and beyond when completed. Additionally, the project will help to define the city's new
skyline, as it is the country's largest mixed-use development, with over 4000 residences expected to
occupy 360,000 square meters and create employment opportunities for over 25,000 Ethiopians.
In addition to being in close proximity to the Addis Ababa International Airport,
the property has a rail line running along its northern side.
The project, which was officially launched by the Ethiopian government in 2018, is being carried out
in collaboration with Eagle Hills, a private real estate company based in Abu Dhabi, and is
expected to cost approximately $1.5 billion in total. In addition, the Ethiopian government, in
collaboration with Eagle Hills, hopes to develop a social housing component within the Master Plan,
in which residential units will be constructed to provide permanent housing for the existing
residents who are currently residing on the project's property. A sales campaign for the first
residential tower of La gare was launched earlier this year by Eagle Hills, an Abu Dhabi-based
development company. A three-day event held at the Hyatt Regency in Addis Ababa, Ethiopia's capital,
introduced over 1200 potential buyers to the first phase of the project term one La gare, a 21-story
apartment building with 87 units, according to online sources. The magnificent loving and the
24-hour security resident parking are two of the many attractions of the newly opened one La gare.
According to Low Pink, the Chief Executive Officer of Eagle Hills, the la gare area is on its way
to becoming the throbbing heart of Addis Ababa, bringing significant advantages to local people
and the economy as a whole. A major step forward in realizing this vision, according to the CEO.
In addition to transforming Addis Ababa's skyline and modern city center, one La gare
is expected to make a significant contribution to the local market by creating jobs, boosting
market sentiment, and re-energizing the economy, according to the CEO of one La gare. Although
some residents have expressed dissatisfaction with the first phase of the project, citing exorbitant
prices that are out of reach for low-income citizens, there is no doubt that when the
project is successfully completed, it will serve as a demonstration that Addis Ababa can sustain
a commercial property market, which will in turn stimulate the city's design and finance sectors.
In addition, additional international investment will be attracted.
As a bonus, Ethiopia, which has set a goal of becoming a middle-income country within the next
few years, will celebrate a significant victory. Let us know your thoughts in the comment section.
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