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Ethiopia Aspires to Attract More Turkish Investors in Manufacturing Sector

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The Ethiopian Investment Commission (EIC) said it has plans to attract more Turkish investors in the government’s priority areas.

EIC Deputy Director General Mohammed Seyed in an exclusive interview with Ethiopian News Agency (ENA) said Ethiopia plans to bring additional foreign investors including Turkey who seek to engage in the manufacturing sector.

Mohammed said since Turkey is more advanced in manufacturing sector its involvement would be significant in the process of agricultural transformation of Ethiopia.

Up to date, about 110 Turkish investment projects have gone operational. The Deputy Director noted the total capital invested by Turkish investors is about 9.2 billion Birr, of these close to seven billion Birr is invested in the manufacturing sector.

Over 17,000 jobs were created through these Turkish investment projects, where 12,000 in manufacturing, 3,800 in the services and 1,700 in the agricultural sector.

[www.ena.gov.et/en/]


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