The Industrial Parks Development Corporation (IPDC) announced that investments worth more than USD 597 million have been secured in Ethiopia’s Special Economic Zones (SEZs) and the Dire Dawa Free Trade Zone over the past six months. Over 80 investments have been attracted to the zones under the IPDC's management.

As part of this development, the corporation transferred 14 manufacturing sheds and over 70 hectares of cultivated land to investors. These investments are located across various zones, including Mekelle, Bole Lemi, Kilinto, Kombolcha, Dire Dawa Free Trade Zone, and the Jimma and Semera Special Economic Zones.

According to IPDC, the investors - originating from China, Russia, Vietnam, and Ethiopia - are involved in diverse sectors such as pharmaceuticals, agro-processing (including coffee and tea), electric vehicle assembly, and technology manufacturing.

Source: IPDC