Some 226 investment projects tagged along with 18.46 Billion Birr aggregate capitals got operational during the just ended fiscal year, Ethiopian Investment Commission disclosed.

According to Public Relation Directorate at the Commission, Getahun Negash, around 125 projects with 14 Billion Birr capital are engaged in the manufacturing sector. As to the other projects, he said they are engaged in agriculture and services.

He further commented these projects have created job opportunities for over 20, 652 individuals.

During the just ended fiscal year, the Commission granted license to 576 new and 91 existing projects with over 91.1 Billion Birr capital. Out of the total 576 projects, 535 of them are owned by foreign companies.

These projects, according to the Ethiopian News Agency, are in the areas of manufacturing, agricultures, tourism, and construction, among others.

According to Getahun, most owners of these projects are Chinese, Turkish, Indian, Sudanese and U.S. investors.

Upon going fully operational, the projects are said to create job opportunity for over 100, 430 individuals, Getahun noted.

Source: Ethiopian News Agency