Ethiopia expects 2 industrial parks that are under construction currently to be ready for investors by February 2017. The industrial parks Kombolcha and Mekele industrial parks.

Commenting on the development Industrial Parks Development Corporation (IPDC) Deputy CEO, Amare Asgedom, said “Basements for the construction of shades in Mekele and Kombolcha industrial parks have been completed and fabrication process in progress to ultimately deliver the shades to the investors.”

The parks which were being constructed at an outlay of 250 million USD were expected to create job opportunities for more than 50,000 people, Amare explained.

Kombolacha and Mekele industrial parks are among the 10 parks the Ethiopian Government aims to
construct within 5 years. The government has also finalized preparations to commence construction of Adama Dire Dawa industrial parks. On the other hand, construction of Jimma, Aysha, Ararti, Debre Birhan and Bahir Dar industrial parks, which the central government will be financing, are expected to commence this year.

On the same note, the Deputy CEO explained, the construction of Bole Lemi Phase II and Kilinto industrial parks would commence in a month time. The construction of the 2 industrial parks would be financed by a loan obtained from the World Bank.

"Some 70-80 percent of the factory shades to be built in the industrial parks in different parts of the country is allotted for textile, garment and apparel sector while the rest is for pharmaceuticals, electronics, food processing and machinery equipments, among others," Amare said

Source: Ethiopian News Agency