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9/20/11 (AEIN) The governments of Turkmenistan and Ethiopia recently conducted major construction projects to expand the availability of affordable housing to the public. Upon completion, the two developing countries will have added approximately 750 residential units.
Turkmen official media reported on Sunday that Turkmenistan will construct twenty-five new four-story apartment buildings in the nation's capitol city, Ashgabat. The city government will pay companies from Turkmenistan and Turkey to start building them this month and finish by the late summer in 2013.
Two days earlier, Turkmen state media also reported that the country's President attended the inauguration of a new condominium building in Turkmenabat. He presented a gift to two of the first residents. The building contains 24 apartments, each with 3-4 rooms. Residents pay a low-interest mortgage (one percent) until they own the units.
A set of condominiums in Wolkite, Ethiopia were nearly completed on Saturday, according to a report from the country's official news agency. Residents will be able to begin moving into the one-hundred and thirty-five condominium units during the month of October. This will help eliminate the local housing shortage.
Turkmenistan is located in the Central Asian region, with a long coast on the Caspian Sea. The desert country is known for melons, carpets and natural gas. Ethiopia is a landlocked nation in eastern Africa. It has remained independent longer than any other African country.