The Oromia Industrial Parks Development Corporation (OIPDC) has signed agreements with five investors to invest in 11 sectors at the Bulbula Integrated Agro Industrial Park (BIAIP). The agreements were signed by OIPDC CEO Senayt Mebre and the head of Oromia Investment and Industry Bureau Ahmed Idris.

The total investment made by the five investors is more than Birr 9 billion. They will be engaged in agricultural product processing, edible oil production, dairy processing, pasta and macaroni products, baby nutrition, coffee processing, and juice production.

The BIAIP is a 1,000-hectare industrial park located in the Oromia Region of Ethiopia. The park is home to 12 factories, which have created employment opportunities for 10,000 citizens. More than Birr 19 billion has been invested in the park to date.

The agreements signed with the investors are a major step forward for the BIAIP and for the Oromia Region. The investments will help to create jobs, boost the economy, and promote industrialization in the region.

Source: Ethiopian News Agency