Cornerstone Development Group LTD.

Cornerstone Development Group LTD.

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Details

Legal residence:Ethiopia
Organization type:Other business entity
Funding agencies:WB, Other
World Bank HQ, Other
Sectors:Industry, Commerce & Services
Industry, Commerce & Services
Sanctions:Check now
Status:
Active

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About

Cornerstone Development Group (CDG) is a developer of Affordable Housing formed with one mission: To make Affordable Housing a reality for as many Ethiopians as possible. To achieve our goal we will innovate on affordable Mortgage products, partner with the Government to create a conducive ecosystem, and work with leading International development finance institutions to fund the projects. All while leveraging cutting edge construction technologies in order to lower construction cost and delivery times.

As a pilot project, we will break ground, in September 2021, on a dormitory housing project for the workers of the Hawassa Industrial Park. This world-class dormitory will be home to 6500 workers by Q1 of 2023. You can learn more here. Cornerstone has deep experience in real estate development, strong ability of managing complex construction projects, a strong balance sheet and a proven track record of raising financing. We look forward to Rethinking Affordable housing in Ethiopia and delivering Affordable homes to hundreds of thousands of low and middle income Ethiopians."

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