With a 9.9% average annual GDP growth rate from 2008 to 2018, Ethiopia has one of the fastest-growing economies in Africa. The construction of the nation’s infrastructure, which includes highways, railroads, energy projects, housing, and industrial parks, is given priority in the development plan. Elevators, escalators, and other vertical transportation systems are in high demand as a result of these projects.
In Ethiopia, the construction market is anticipated to expand at a rate of more than 8% per year on average through 2026, according to a report by Research and Markets. According to the report, local and foreign businesses operate in the formal market, while small and medium-sized construction firms operate in the unofficial market. Chinese businesses that are working on large projects make up the majority of the foreign companies involved.
The rapid urbanization and population growth in Ethiopia are two major factors influencing the construction sector. Urbanization in the nation increased from 15% in 2007 to 21% in 2018, and it is anticipated to reach 30% by 2030. As a result, there is a need for better housing, retail, and commercial facilities. The need for elevators and escalators has increased along with the construction of more high-rise buildings in urban areas.
Elevator companies that can offer practical and dependable solutions have a lot of opportunities in Ethiopia’s construction sector. One such firm, Intelmotion, has been active in Ethiopia since 2014. The leading German manufacturer of cutting-edge, high-quality elevator systems, Kleemann Lifts, is a partner of Intelmotion. Among the services provided by Intelmotion are the installation of new elevators, modernization initiatives, maintenance services, and the provision of replacement parts.
More than 300 projects by Intelmotion have been completed in Ethiopia, including some of the biggest and most prestigious ones for Gift Real Estate, Commercial Bank of Ethiopia, Federal Housing Corporation, and many others.
The company Intelmotion is more than just an elevator provider. We work with you to develop vertical transportation systems that are secure, effective, and comfortable. Since each elevator project is different, we provide tailored solutions that fit your needs and spending limit. To deliver quick and flawless elevator projects, we use cutting-edge technology and design. To guarantee your satisfaction, we also offer after-sales service and support.
Contact Intelmotion today to receive a free quote for your elevator needs if you’re looking for an elevator company that can help your company soar with clever and dependable solutions. Intelmotion is the best choice for your elevator project in Ethiopia.
