The Industrial Parks Development Corporation (IPDC) generated an unprecedented $266.9 million in foreign currency revenue from export trade during the 2018 fiscal year. The landmark achievement was announced in Hawassa City, where the corporation's senior management is currently meeting to evaluate the fiscal year's operational performance.

The record-breaking export earnings were secured from commodities manufactured and shipped to international markets by investors operating within the various industrial parks and Special Economic Zones (SEZs) managed by the corporation.

IPDC Chief Executive Officer Fiseha Yitagesu (PhD) revealed that this foreign currency revenue marks the highest performance ever registered in the institution's history since its establishment. The CEO noted that when measured against the corporation's five-year strategic plan, this milestone underscores an encouraging capability to meet and exceed designated organizational targets ahead of schedule.

During the performance evaluation, officials highlighted that the primary driver behind this historic success has been the strengthened, multifaceted support and close operational monitoring consistently provided to investors and manufacturing companies within the parks and economic zones.