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A Sugar development project is in progress in Tigray Regional State, Ethiopia according to Abaye Tsehaye, Director General of the Ethiopian Sugar Corporation.

More than 40,000 hectares of land has been allocated for a sugarcane plantation, with 10,000 earmarked for the construction of a sugar factory with quarters for employees explained Abaye.

The factory is expected to create employment for 10,000 people as well as enhancing the irrigation development in the area he said.

The new sugar development projects launched in Ethiopia have created more than 28 thousand job opportunities in the last financial year according to the quarterly newsletter issued by the Ethiopian Sugar Corporation.

The projects launched in various parts of the country have created jobs for surrounding communities in Tendaho, Kuraz, Wolkite and Beles areas noted the newsletter.   

The communities that adjoin the sugar development projects have also benefited from the infrastructural work that is part of the projects and includes the construction of roads and schools as well access to running water said the Corporation. 

Ethiopian Investment Summit 2012 is to present investment opportunities in Ethiopia to representatives at the World Economic Forum on Africa to be held in Addis Ababa, Ethiopia in May of 2012.

The business summits plans to present the opportunities available in Ethiopia to international investors said Henok Assefa Managing Partner of Precise Consult International, organizing the event in collaboration with local and international partners.

Sunshine Construction, Ethiopia is to finalize an agreement for the management of the first Ethiopian  Marriott Apartment and Courtyard Hotels in the next two months according to sources.

The five-star executive apartment hotel owned and constructed by Sunshine opposite Estifanos Church, and the four-star Courtyard Marriott around Bole Medhanialem in Addis Ababa will be managed by Marriott International.

Sur Construction, an Ethiopian construction firm, has won a bid for the construction of a 53 Kilometers asphalt road in the Tigrai Region.