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Egyptian Ethiopian Capital of 50 Million Pounds

Source: www.export-egypt.com  4/11/2012, Location: Africa

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Two days ago a group of city Badr investors and representatives Ethiopian Government signed contract to establish a company with an investment capital of 50 million pounds for the management of industrial zones and processing feasibility studies for Egyptian investors who desire to work in various industries in Ethiopia. Alaa Alskotai president of the Badr investors said that 11 investors of the city working in commercial activities and various industrial contributed to the capital of the new company with great expertise in dealing with African Market which will open up tremendous prospects for the company's activity to work in the fields of industrial investment and trade and service, adding that he expected the Projects will be assessed by the company returns to Ethiopia in Egypt is estimated at $ 500 million, and will provide thousands of jobs for Egyptians, the owners of specialized skills.

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