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Ethiopia: Industrial Parks Attract Investment

Sandoukan IPDC 20220610Sandoukan Debebe, the CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), stated that new foreign and domestic investments joined industrial parks over the past three months. The investments are participating in agriculture, medicine and medical facilities, and product and service sectors. The investments are expected to increase job opportunities and improve production and service, the CEO added.

According to the CEO, the COVID-19 pandemic and the political instability of the country made the attraction of new investments difficult for over two years. However, industrial parks were making progress after the impacts of the pandemic and the political instability lessened, the CEO noted.

Sandoukan remarked that industrial parks which were constructed during the past three years had started operating. It was also learnt that forrty four thousand job opportunities were created during the past 9 months of the current fiscal year.

A number of investors come from China, India, and the Middle East, it was reported. Investments also flow from countries such as France and Australia.

IPDC was established in 2014 as a public enterprise. It has a vision of becoming a leading eco-industrial parks developer and operator in Africa by 2025.


Source (Including Image): Walta Media and Communication Corporate

Additional Source: IPDC