Commissioner Alemu Semi told ENA on Wednesday that Enjaz Business Group of Emirates Company signed the agreement with the administration last year to establish the city around Abayata and Shala Lakes of West Arssi Zone.

According to the agreement, the investors received 38,000 hectares of land to construct the city.

Currently, a master plan is being prepared for the city, Alemu said, adding, soil research and selection of sites was carried out to launch construction.

The investors received additional 40,000 hectares of land to establish a factory meant for manufacturing prefab. The factory will be erected on the coming May, he added.

The modern city, which will have residential units, schools, sports fields, recreational and business centers, health institutions and a modern airport, among others, will radically augment the nation’s tourism industry.

R...2:35-03:10 pm

E--3:42pm

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