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Residents Ordered to Leave Bishoftu Amid Land Leases to Emirati Investors - Addis Insight

Summary by Addis Insight

In an effort to position the city as an “East African tourism center,” reports have emerged that significant portions of land in Bishoftu are being leased to investors from the United Arab Emirates. Residents say they have been instructed to vacate their properties within a week.“We have heard that up to 80 percent of the city’s land will be given to Emirati investors. Even small house renovations are now prohibited by the city administration, w…

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Residents Ordered to Leave Bishoftu Amid Land Leases to Emirati Investors - Addis Insight

In an effort to position the city as an “East African tourism center,” reports have emerged that significant portions of land in Bishoftu are being leased to investors from the United Arab Emirates. Residents say they have been instructed to vacate their properties within a week.“We have heard that up to 80 percent of the city’s land will be given to Emirati investors. Even small house renovations are now prohibited by the city administration, w…

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Addis Insight broke the news in 4 months ago on Saturday, November 16, 2024.

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