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Dubai Investments Park (DIP) disclosed that it was planning to construct an industry park in Ethiopia in collaboration with the Industrial Parks Development Corporation of Ethiopia.

Lemi National Cement Factory is expected to start operation in January 2024. This was revealed during a Government Delegation visit to the factory’s construction site which was led by the Ministry of Urban Development and Infrastructure. Machine installation will commence in June this year after the construction of the factory is finalized.

Ethio Engineering Group (EEG) signed an agreement with Yotong, a Chinese company, to manufacture city buses under Bishoftu Automotive Manufacturing Industry.

Bole Lemi Industrial Park saved Birr 2 billion by producing goods which substituted import products. Among the park’s manufacturing companies, Soufflet Malt and BGI, a Chinese company, take the lion’s share in the production of import substituting products. Soufflet’s malt production has fully substituted import malt while BGI’s Covid-19 testing kits have saved the country from spending foreign currency on foreign made testing products.

Industrial Parks Development Corporation (IPDC) signed a memorandum or understanding with Tanabe Limited and Suntechno, Japanese companies, to recycle industrial park waste products.

The companies will start the recycling project in Hawassa Industrial Park within the next two months. If the pilot project is successful, it will be expanded to include other industrial parks and Government institutions. The companies are also expected to transfer skill and knowledge to Ethiopians while implementing the project.

Source (including image): IPDC