Construction industry envisions 1.5M new Jobs in five years

Addis Ababa, November 3, 2020 (FBC) – Ministry of Urban Development and Construction announced that it is planned to create 1.5 Million New Jobs in the construction industry.

While appraising its first quarter job performances, the Ministry also said 80 pct of construction materials will be covered with local produces as per import substitutions endeavors underway.

In-depth survey will also be conducted in a way to address bottlenecks in the construction industry and further ensure qualities in the sector, according to the Ministry.

Ministry also pledges to encourage international contractors to involve micro and small enterprises engaged in construction industry in their projects.

Ethiopia has appropriated 60 percent of its capital budget to the construction which also consumes 25 pct of the foreign currency expenditure of the nation.