9.3 billion Birr building construction projects executed: EIA

 Addis Ababa, July 10 ENA)-- The Ethiopian Investment Authority (EIA) says building construction projects had been carried out across the country with an outlay of 9.3 billion Birr over the past nine years.

  Authority general manager, Tadesse Haile, told ENA recently that EIA has licensed 452 building construction investment projects in the reported period.

  Twenty-three of the projects worth over 1.7 billion Birr have already been finalized and gone operational, Tadesse said.

  He said the building construction sector constituted 14 percent of the total capital invested in the country during the stated period.

  Seventy percent of the construction projects were executed in the metropolis, according to the general manager.

  Tadesse said the up to six-storey buildings mostly accommodated offices, supermarkets and residential apartments.

  He said 6,195 investment projects with a combined capital of 66.4 billion Birr have been licensed since 1993.

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