Kilinto Pharmaceutical Industrial Park is set to go operational in 2 months time, June 2018. Such was disclosed by the Ethiopian Industrial Parks Development Corporation (IPDC).

The pharmaceutical industrial park is going to be constructed at an outlay of 5.5 billion Birr over 279 hectares of land. It is going to be in the outskirts of the capital city, Addis Ababa. According to the corporation, preparing the land is 70 percent complete.

Currently, there are around 10 global pharma companies interested to enter the park.

As Ethiopia mainly relies on import to cover its pharma demand, the industrial park is expected to contribute its share in replacing the import. This in return is expected to save the country foreign currency.

Source: Fana Broadcasting Corporation