United Bank, one of the first-generation financial institutions since the liberalization of Ethiopia's economy three decades ago, Inaugurates its 2.7 billion Br worth headquarters in the financial district.
With 37 storeys, United is the latest to join banks, including Dashen, Zemen and Nib, that have completed the construction their headquarters in the district, which is also witnessing the construction similar towers by other financial institutions.
Initially, when United signed an agreement with the main contractor of the HQ, China Jiangsu International Economic-Technical Cooperation Corp (CJIETCC), the building was planned to have 30 storeys and was expected to consume 1.5 billion Br.
But the design was later adjusted, resulting in the adjustment of the cost of the project, which was inflated because of spike in price of construction materials.
