More than 550 foreign and domestic investors with over 8.5 billion Birr combined capital are undertaking various projects in North Shoa Zone, Amhara Regional State in Ethiopia during the current Ethiopian fiscal year, the zonal industry and urban development department said.

Department Head, Dawit Yeshitila told Ethiopian News Agency, the projects include, agro-industry, construction, metal work, hotel and tourism.

Dawit said the Regional Administration have transfered more than nine hectares of land for the projects.

Projects, which have already gone operational have created more than 20,000 jobs, he said, adding, the remaining project are expected to create over 56,000 jobs.

Source: Ethiopian News Agency