Ethiopia to open two industrial parks next month
The east-African nation, Ethiopia, is preparing to inaugurate two Chinese-built industrial parks next month. This was announced by the Ethiopian Industrial Parks Development Corporation (IPDC), recently.
The two parks named Mekelle Industrial Park and Kombolcha Industrial Park have been built by China Communications Construction Company (CCCC) and China Civil Engineering Construction Corporation (CCECC), respectively. Both the industrial parks are meant for the textile and garment industry and have been constructed at a cost of US $ 250 million.
Ethiopia strives to be the hub of textile industries in Africa. It aims to develop world-class industrial parks with fascinating hard and soft infrastructure to earn US $ 1 billion by 2020 and provide ample employment opportunity for its estimated 45 million workforce.
“There are about 10 ongoing or completed industrial park projects with plans to inaugurate four other industrial parks by the end of 2017,” said Sisay Gemechu, CEO, IPDC.