Inviting foreign companies has become important because of local enterprises are failing to finish construction within the deadlines, said minister of urban development and housing construction, Mekuria Haile.
Speed is important to meet the ever-increasing demand for housing, he added, the government cannot achieve the goal to transfer more houses to the public with the current performance of the local enterprises. Because of this, it is necessary to involve some foreign companies in order to complete construction on time as well as to transfer knowledge to local enterprises. The aim is for local micro enterprises to work closely with foreign companies to build up their capacity.
Tendering is already under way for the construction of the programme, he said. The companies that win the contracts will take part in projects to be started shortly.