The Bahir Dar City Trade and Industry Bureau stated that investors engaged in different areas of the industry sector had a registered capital of about 1.8 billion birr, Walta Information Center Reported.

Mr Berihun Walelign, Representative of Head of Bahir Dar City Trade, Industry and Market Development Division stated that around 309 investors engaged in different industrial sectors had opened more than 3000 job opportunities for the youth. The number of investments has also increased during the past 3 weeks due to appropriate investment conditions.

Mr Berihun further stated that the recently built industries in Bahirdar shall provide their share for import substitution while the country can earn more foreign exchange through export of these products.

He has also indicated that 3 different industrial zones are prepared on 437 hectares of land all which are with the required power, water and telecom infrastructures. The city administration is currently providing the support needed for investors wanting to take part in the industry sector and is issuing licenses for those fulfilling requirements within a short period. 

Source: Walta Information Center