Ayat Share Company -Ethiopia

  • Addis Ababa, Ethiopia
Ayat Share Company

Ayat Share Company, before becoming a share company, was a private limited company established in 1996 with a total capital of 5 million Ethiopian Birr and with an objective of alleviating shortage of housing through building and transferring standard residential houses with different sizes, designs, types, locations and payment schemes at an affordable cost.

Ayat Real Estate Private Limited company was the first private organization to appear in the real estate business and had a strategic goal of building and marketing 25,000 residential houses. To this end, Ayat has constructed and handed over 4,000 residential houses to different clients in just the first phase of its operation.

According to a data collected in 2006, it had also created job opportunities to over 10,634 Ethiopians, 780 of which were permanent employees, paid huge governmental tax, and funded and participated in different social and governmental national charities, sponsorships and community projects. Besides to its real estate activities, Ayat is also operating in different investment sectors such as production of construction materials, machinery lease, agro-industry, hotel and tourism, import & export and education. This, to some extent, has created stability in the supply of construction materials, saved foreign currency, provided employment opportunity, and generated paramount governmental tax.