Ethiopia to open two in­dus­trial parks next month

Apparel Online - - Tex-file -

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.

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