Officials describe the Bishoftu International Airport initiative as a cornerstone of Ethiopia’s long-term strategy to position the East African nation as a major global aviation hub. Planners say the facility will support not only passenger travel but also cargo traffic and economic development across the region.

Construction on the first phase is expected to begin soon, with a phased rollout that could see initial operations by the end of the decade. The first segment of the airport alone is slated to handle 60 million passengers annually, with capacity expanding in later phases to accommodate up to 110 million travelers a year.

The African Development Bank has pledged up to $500 million to anchor financing for the roughly $10 billion project, while Ethiopian Airlines plans to contribute about 20% of the total cost, with the remainder to come from a mix of international lenders.

Industry executives say the airport’s location near the equator, a prime position for efficient flight paths, and its scale could help Ethiopia capture a greater share of global transit traffic, linking Africa more directly with Europe, Asia and the Middle East. Such connectivity is seen as vital to expanding trade links and promoting tourism.

The project also includes plans for an “airport city”, a comprehensive aviation ecosystem featuring cargo terminals, maintenance hubs, hotels and logistics facilities, a concept designed to create jobs and spur economic activity in the surrounding region.

Still, the vast scale of the project will challenge Ethiopia’s financial and engineering capacities. Analysts note that funding, construction logistics and long-term operational planning will be tested as the country seeks to deliver the facility on schedule and on budget, ambitions that, if realized, could redefine travel across Africa.