PROJECT PROPOSAL ON

THE ESTABLISHMENT OF G+4 MIXED USED

BUILDING

THE PROJECT TO BE IMPLEMENTED IN OROMIA

REGIONAL STATE, NORTH SHAW QARE GOHA TOWN

PROMOTER: HABTAMU FELEKE TESFAYE

OCT, 2023

FINFINNE,ETHIOPIA

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EXECUTIVE SUMMARY
1 Project Owner Habtamu Falake
2 Nationality Ethiopian
4 Project location Oromia regional state North Shawa zone Qare Goha town

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Proposed project Commercial Complex Center

The project includes Bar and Restaurant, Cafe, Guest

6 Project house, Assembly hall, super Markets, Banking Service and
Composition Shops
Premises
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1,500m2
Required
The total project capital is 20,000,000 Birr from which 30%
8 Total Initial or 6,000,000 will be covered by the promoter and the rest
Investment Cost 70% or 14,000,000 birr will from financial institutions.
The total manpower required for the plant will be 100
employees at full capacity.

 Permanent workers 60

9  Skilled 40
 Unskilled 20
 Temporary workers 40
Employment  Skilled 10
Opportunity  Unskilled 30

Benefits of the Provide better Bar and Restaurant service, Contribute to

10 project For The Economic development of the Town as well as of the
region Country region.

11 Applicable The promoter will utilize the modern and standardized

Technology service level and Urban Beautification and development.

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1. INTRODUCTION
1.2. General Background

The present dynamic economic growth of Ethiopia demands the parallel development of
tertiary sectors. These sectors are mainly related to the development of the economy in
general and tourism sector in specific situation and able to provide strong backward and
forward linkages for other sectors of economy. Besides, the growth Commercial sector in
Ethiopia has stimulated increased tourism supply capacity and higher levels of investment
in infrastructure, human capital and technologies to manage and efficiently transact higher
levels of Marketing activity .Hence, investment activities in Commercial Complex include Bar
and Restaurant, Banking Service, raining centers, Cafeteria, Guest house can support and
propel the sector, particularly in developing countries (like Ethiopia) where domestic
resources are limited

Moreover , the current investment flow and market in these areas are very promising that
imitates many investors to engaged in. Furthermore, the government of Ethiopia has
conducive investment polices and regulation that further attract the private sectors
involvement in economic development of the nation through the various investment and
business activities.

In this regard, the promoter of the Commercial Complex Center Habtamu Falake is planned
to establish Marketing Mall of G+4 in Qare Goha Town. The result of the study is very sound
and promising for the owner to start the project in this town.

The promoter is very dedicated to commence the project. Hence, the company expects to
get the necessary support from the regional and local governments for the project
implementation.

1.2. Profile of the Promoter

The owners of this envisaged project Habtamu Falke is an Ethiopian business man who has
a good business experiences and very ambitious to establish huge Commercial Complex
Center by expecting a good support and facilitation from the regional government as well

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the town administration. In addition the promoter hopes this project to be the first among
many other developmental projects to follow as they look forward to share the
responsibility of fighting poverty, reducing unemployment here in Ethiopia .The promoter
accumulated diversified skills in the area and also adopted working with many people.
Thus, it is these experiences which primarily motivated this investor to develop the
inception of this project idea.