The Turkish company Visor disclosed that it has allotted close to three billion USD to invest in telecom infrastructure in Ethiopia. This was revealed at a discussion President Mulatu Teshome had with Gokhan Arasli, Chief Executive Officer of the company.
The CEO, who said his company has world-wide investment in various sectors, added that it also has huge financial muscle and rich experience. In Ethiopia, the company has plans to invest in construction and telecom sectors. Visor has specific plans to invest in telecom network installation with close to three billion USD, Arasli revealed.
President Mulatu said on his part Ethiopia is exerting extensive efforts in undertaking wide investment in the manufacturing sector by attracting foreign direct investment in line with its Five Year Investment Strategic Plan.
The president advised the Turkish delegation that Visor would be profitable if it engages in the manufacturing sector.
Yet, he further said it would be prudent if the company invests in any sector of its preference by carrying out feasible study as there are many investment opportunities in Ethiopia. Visor Company boasts of having huge investments in 24 countries in the construction, agro-processing and telecom sectors.
[www.ena.gov.et/]