Kingdom Linen PLC, has completed the first phase of its investment project at Adama Industrial Park, Ethiopia. The company is building the largest linen factory in Africa, Abebe Abebayehu, Commissioner of Ethiopian Investment Commission (EIC), tweeted.
The company invests a total capital of $200 million in two phases, Mr. Abebe noted. For the first phase of the project, the company has invested some $70 million and employs a thousand workers.
Kingdom Linen's factory, when completed, will rest on 32 hectares of land and is expected to create employment for 4,000 workers. By then, it will produce 5,000 tons of high-grade linen yarn annually.
Sources: Abebe Abebayehu, EIC Commissioner (Twitter), Ethiopian Herald
Image Source: Abebe Abebayehu, EIC Commissioner (Twitter)