Haile Gebresilassie Seeks Plot of Land for Hyundai Assembly PlantJanuary 10, 2017 - The legendary long distance athlete and investment tycoon, Haile Gebresilassie, said that he is still waiting for the approval of the Addis Ababa City Administration cabinet to secure a plot of land he requested to build an assembly plant for the Korean vehicle brand Hyundai in the southwestern outskirts of Addis Ababa. Haile had requested some 70 hectares of land for the car assembly originally. On his part, Haile told The Reporter that he recognizes the need to reduce it to 30 hectares. “I understand the problems in investment land shortage which the administration is feeling in recent times”. He also said that the Korean carmaker’s board reapproved Haile’s car assembly plant to manufacture the vehicle in Ethiopia recently.
Source: Ethiopian News January 10, 2017 12:14 UTC