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Ethiopian Investment Commission and Gada Economic Zone Enter a Memorandum of Understanding

Gada EIC

The Ethiopian Investment Commission (EIC) and Gada Special Economic Zone (SEZ) signed a Memorandum of Understanding (MoU) today, facilitating the project's official launch.

Inaugurated last month with Prime Minister Abiy Ahmed's participation, the Gada SEZ is envisioned as a multi-purpose economic hub designed to attract domestic and foreign investment across logistics, manufacturing, agro-processing, and real estate.

EIC Deputy Commissioner Zeleke Temesgen highlighted the zone's potential to enhance Ethiopia's investment climate and attract foreign direct investment (FDI). Gada SEZ Director General Motuma Temesgen emphasized the importance of the MoU for delivering quality investor services and collaborating on marketing efforts. The agreement outlines developer rights and obligations, alongside Ethiopian government support programs. This collaboration is expected to significantly boost investment and economic growth in the region.

Source (including image): Ethiopian News Agency