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Adama Industrial Park Inaugurated

(EBC; OCTOBER, 08,2018)   - The industrial park built in Adama, 100 kms east of the capital Addis Ababa, specializing in textiles and apparel inaugurated on October 07/2018.

Ethiopian Prime Minister Dr. Abiy Ahmed and Lemma Megersa, chief administrator of Oromia regional state attended the inauguration of the first phase of the park.

The park built at a cost of more than 4.1 billion Birr is expected to create jobs for 25,000 individuals and generate more than 38 million USD from export of goods.

The famous manufacturing companies in textile, wood fabric and garment are desirous and occupying some of the sheds from China Japan.

According to Industrial Parks Development Corporation construction of seven industrial parks being built around the country will be completed in this Ethiopian fiscal year,

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.

According to Ethiopian News Agency the government will launch construction of industrial parks in Aysha, Asosa, Ararti, and Semera.

Hawassa, Bole Lemi I, Kombolcha and Mekele industrial parks are already started production and the Adama industrial park inaugurated yesterday is expected to commence operation soon.

The Horn African nation has planned to have 30 industrial parks by 2020 with the aim of attracting more investment and realize structural reform.