Ethiopian Investment Commission (EIC) has said the construction of 10 industrial parks in Ethiopia will commence by September, according to FBC.
Ethiopia has been engaged on setting up industrial parks, which are keys to bring about economic transformation and achieve the country’s ambitious goal of becoming a middle income country by 2025.
This week, the country inaugurated the eco-friendly Hawassa industrial park built at a cost of 250 million US dollars in the SNNP Regional State, 275km south of Addis Ababa.
Moreover, the country is building additional industrial parks in Mekelle and Kombolcha towns, in Tigray and Amhara regional states, respectively.
According to Ethiopian Investment Commission, the construction of 10 new industrial parks will commence in various parts of the country as of Ethiopian New Year.
Arkebe Oqubay, Board Chairman of the Industrial Parks Development Corporation (IPDC) of Ethiopia and Special Advisor to the Prime Minister, said the construction of Adama Industrial Park will commence on September at a cost of 300 million US dollars.
Similarly, the construction of industrial parks at Kilinto (Addis Ababa), Dire Dawa, Debre Birhan, Jima, Bahir Dar and Arerti will begin next September.
Kilinto Indusrial Park centered on medical equipment products, while Debre Birhan on agro-processing, Adama on textile, Mekelle and Kombolcha on textile and garment, Dire Dawa on heavy machines and electrical equipment and Ararti on construction, home and office equipment products.
Upon going full operational, the industrial parks will create 200,000 jobs per year and 2 million jobs in ten years time.
Ethiopia has put aside 1.3 billion US dollars for the construction of industrial parks in the second Growth and Transformation Plan (GTP-II) period.