Ethiopia: First Phase of Bole Lemi Industry Zone Completed

Ministry of Industry (MoI) said Bole Lemi Industry Zone development has reached first phase.

According to Melaku Taye, corporate communication director at the ministry, the first phase development include preparation of five factory buildings.

Three factory buildings covering an area of five thousand square meters each and two structures each with an area of ten thousand square meters have been completed at a cost of over 348.9 million Birr, Melaku told Walta Information Center.

"Lease agreements have been signed with investors and we expect these companies to start installation of machinery and recruitment of workers soon," Melaku said.

The Taiwanese George Shoe Corporation is among the foreign companies expected to start operations in the industry zone. The company is currently installing machinery and hiring workers.

The Bole Lemi Industry Zone first phase development covers a total of 156 hectares.

The ministry plans to develop additional 186 hectares in to the industry zone in the second phase at a cost of 1.7 billion Birr.

Second phase development includes the erection of 15 factory buildings. The ministry has hired 15 local contractors to undertake the construction.

Source: Walta Information Center

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