Construction of 7 Industrial Parks to be Completed this Year

Addis Ababa October 7/2018 Construction of seven industrial parks being built around the country is anticipated to be completed in this Ethiopian fiscal year, according to Industrial Parks Development Corporation. Ethiopia is developing international standardized industrial parks across the country which in turn contributes to nation’s development endeavours. The industrial parks in Dire Dawa, Kilinto, Bole Lemi II, Jimma, Bahir Dar and Debre Birhan are expected to be complete in this Ethiopian fiscal year, doctor Arkebe Equbay, Board Chairperson of IPDC said. Arkebe said the government is committed to develop such parks that will contribute to the country’s aspiration of becoming industrial hub, earn foreign currency and create massive job opportunities. Besides completing the ongoing projects, the government will launch construction of industrial parks in Aysha, Asosa, Ararti, and Semera, he added. Hawassa, Bole Lemi I, Kombolcha and Mekele industrial parks are already started production and the Adama industrial park inaugurated today is expected to commence operation soon. Chief Administrator of Oromia Regional State Lemma Megersa said that the park is equipped with necessary facilities which enable investors get a single window service. Beyond increasing the number of parks, Adama industrial park showcases the country's effort on developing industrial parks is on the right track, he added. He also said that the park will serve as centre of practice for higher education institutions and play an important role in transforming technology. The Horn African nation has planned to have 30 industrial parks by 2020 with the aim of attracting more investment and realize structural reform.