Project by Ethio-American doctors
The foundation stone was laid at the site of a €100 million medical facility in Addis Ababa on 28 June by Ethiopia's foreign minister Tedros Adhanom.
The hospital is being brought to Addis Ababa by the Ethio-American Doctors Group (EADG), a Washington-based association of some 200 physicians of Ethiopian origin living in the US and Europe.
The EADG says the "economically sustainable" hospital will offer advanced services, long-term care and other health-related facilities including a pharmacy, gymnasium and physical therapy unit, as well as a hotel, meeting centre and office buildings.
The group's stated mission is to build a hospital "that will deliver internationally accredited standard of care and become the catalyst for change in how health care is delivered in the region and Africa." The hospital is also designed to transfer skills to healthcare workers in the Ethiopian region through education and medical research programmes.
The project is expected to be complete in three years and has the backing of the Intergovernmental Authority on Development (IGAD) an eight-country regional organisational body whose member states are Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda.
The Ethiopian government is expected to provide the site for free while the project's construction is being financed by the Commercial Bank of Ethiopia (CBE) and the African Development Bank (AfDB).