17/03/2025
Ministry of Foreign Affairs and Ovid Real Estate Partner to Facilitate Housing for Ministry Employees
Addis Ababa, Ethiopia
The Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia and Ovid Real Estate PLC have signed a Memorandum of Understanding (MOU) to facilitate the purchase of residential houses by employees of the Ministry of Foreign Affairs.
The MOU, signed on March 17 2025 establishes a framework for cooperation to enable employees of the Ministry to purchase homes from Ovid Real Estate's Ovid Gelan Gura project. This initiative aims to provide accessible and convenient housing options for ministry employees.
Under the terms of the MOU, the Ministry of Foreign Affairs will provide a list of employees interested in purchasing homes, while Ovid Real Estate will offer suitable housing options and facilitate the purchase process. The agreement also outlines the commitment to information sharing, transparent pricing, and collaborative coordination between the parties.
This partnership reflects the shared vision of providing dignified housing solutions and supporting government employees. Both the Ministry of Foreign Affairs and Ovid Real Estate have demonstrated their commitment to this initiative.
Ovid Real Estate is a real estate developer in Ethiopia with experience in building and selling houses with modern designs and technology. The Ministry of Foreign Affairs desires to support its employees in securing housing. The MOU aims to coordinate efforts to make housing more accessible.
