Ethiopia's Bahir Dar Attracts Major Tourism Investment with Sheraton Hotel Launch
Ethiopia's Deputy Prime Minister Temesgen Tiruneh launched the Four Points by Sheraton Tana Hotel project in Bahir Dar on 4 May, signalling a significant push to position the Amhara regional capital as a leading tourism destination. Developed by MIDROC Investment Group on the site of the former Tana Hotel, the 3.3 billion Birr project will span 32,440 square metres and include 120 guest rooms, four international restaurants, a conference hall for over 1,000 guests, and leisure facilities. The hotel is expected to be completed within 18 months.
At the same event, Temesgen also inaugurated the Felege Ghion Eco Resort, developed under the government's Gebeta Le Hager Initiative, which includes entertainment facilities, retail spaces, an amphitheatre, and riverfront infrastructure. The dual launches form part of a broader government strategy to develop tourism as a strategic economic sector, with Bahir Dar's location at the confluence of Lake Tana and the Blue Nile central to its growing appeal. MIDROC CEO Jamal Ahmed cited an improving investment climate as a key driver of private-sector engagement, while the Deputy Prime Minister urged investors who have already secured land in the city to begin implementation without delay.
Source: Ethiopian News Agency
