Hawassa Industrial Park will be inaugurated on Wednesday, July 13, 2016, said the Ethiopian Industrial Parks Development Corporation (IPDC).
In a press conference, Dr Arkebe Oqubay, Board Chairman of IPDC and Special Advisor to the Prime Minister, said Hawassa Industrial Park is a pioneer park and could be a model for other industrial parks which Ethiopia aspires to build in the future.
Located 275 km South of Addis Ababa, Hawassa Industrial Park, could create 60,000 jobs in two shifts and generate 1 billion US dollar earnings for the county annually, he said.
The textile sector at present fetches 110 million US dollar per annum.
Currently, 15 foreign and 5 local manufactures have entered into the park, including the largest global apparel companies.
FBC reports that the park will have one-stop service center and its own renewable electricity sources to address problem of power supply.
An eco-park, Hawassa Industrial Park was built on 300 hectares of land. It mainly centered on textile and garment products.