Wednesday, September 05, 2007

Investors with close to 246mln birr capital licensed in Harrari State

Harrar, September 04, 2007 (WIC) – Investment projects with over 245.9 million birr capital have been licensed last budget year, the Harrari State Investment Office said.

Office Head Abduselam Abdosh told WIC that 73 local investors were licensed to engage in hotel and tourism development, industry, real estate development, agriculture, health, education, service delivery and construction.

Upon going fully operational, the projects would create casual and permanent jobs to 1,518 people, he said.

He said the projects licensed during the reported period exceeded that of the previous year by 80,824,000 birr in capital owing to the efficient service provided by the office.

Some 250 projects with a registered capital of over 523 million birr were licensed over the past ten year creating 3,118 jobs, it was learnt.

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