Lebanese investor to construct 145 million Birr hospital
Adama, August 7, 2007 (Adama) - The Adama town administration and a Lebanese investor signed an agreement providing the latter to construct of a state-of-the-art hospital in the town with an outlay of 145 million Birr.

The Lebanese investor, Soubra Abdallah has received a title deed for five hectares of land to be used for the construction of the hospital as part of the several investment projects he intends to commence in Ethiopia.

Soubra said the hospital that would be constructed using Chinese technologies would start rendering service after completion by March 2008.

Soubra said the existence of good investment atmosphere in Ethiopia has motivated him to invest in the country.

He expressed commitment to provide the necessary information for European, Asian and Arab investors to invest in Ethiopia and appreciated the cooperation he received from officials at various levels.

Adama town Mayor, Sisay Negash on his part said that the construction of the hospital would help reducing the health care related problem in the town and its environs.

The town’s administration is prepared to provide the necessary support for the investor who intends to undertake real-estate and other investment projects, the mayor said.

Soubra Abdallah owns several companies in China.

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(c) The Ethiopian News Agency