Gada Special Economic Zone Development Corporation (GSEZDC) has signed a memorandum of understanding (MoU) with China Civil Engineering Construction Corporation (CCECC) to construct a logistics and export processing center which will be built on 1,000 hectares of land over the coming five years.
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The Ethiopian Investment Commission (EIC) and the Industrial Parks Development Corporation of Ethiopia (IPDC) have signed Memorandums of Understanding (MoUs) with the China Civil Engineering Construction Corporation (CCECC).
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The Federal Democratic Republic of Ethiopia has extended the bid submission date for the privatization of 8 state-owned sugar enterprises to October 5, 2023, from the original submission date which was August 3, 2023.
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The Indian company Akshay Jay Oil, which produces avocado oil at Jimma Industrial Park, is increasing its investment by building a facility to create solid and liquid compost from waste materials. New investors will use the factory, which should be finished in five months, to save the environment.
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Oromia Investment and Trade Bureau plans to increase the number of agro-processing industries in the region. Bureau Head Ahmed Idris made the announcement while signing an agreement with local investors to launch 11 projects in the Bulbula Agro-Processing Industrial Park.
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Ethio Engineering Group (EEG) and YTO-CAMAC have signed a memorandum of understanding to construct a tractor factory in Ethiopia. The factory is expected to be completed in 11 months and will be capable of producing 50 tractors per day, or over 10,000 tractors annually.
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