Monday, January 22, 2007

Investors receive licence

HARAR – Investors with a registered capital of over 181.3 million birr have been licensed in Harari State during the past six months, the Investment Office said.

Office Head Abduselam Abdosh said recently that the 44 local investors are interested in engaging in industry, real estate development, agriculture, health, education and construction, among others.

Upon going operational, the projects would create permanent and casual jobs for over 1,000 citizens, he added.

The registered capital during the stated period exceeded that of same period last year by 119 million birr, according to the head.

Abduselam attributed the growth to the efficient service delivery of the office.

The office is also encouraging the licensed investors to begin construction, he added.

The State Investment Office has licensed investors with over 523.4 million birr capital in the past five years creating 3,118 permanent and casual jobs, it was learnt.

(WIC)

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