11 July 2017

Ethiopia to Inaugurate 2 Chinese Built Industrial Parks

Addis Ababa — Ethiopia is to inaugurate two Chinese built industrial parks in September, as the East African nation strives to become the continent's manufacturing hub.

The statement was made on Monday by Tadesse Haile, state minister of economic affairs at the office of the Ethiopian Prime Minister Hailemariam Desalegn.

The two industrial parks are the Dire Dawa Industrial park 446 km East of Ethiopia's capital city Addis Ababa and the Adama Industrial Park 99 km East of Addis Ababa.

Dire Dawa Industrial Park and Adama Industrial parks are both being built by China Civil Engineering Construction Company (CCECC) at a cost of 190 million and 125 million U.S. dollars respectively.

Both industrial parks are primarily aimed at full filling Ethiopia's ambitions to be a textile and apparel manufacturing hub in Africa earning the country 1 billion U.S. dollars by 2020 and providing ample employment opportunity for its estimated 45 million workforce.

Li Zhiyuan, Deputy Project Manager at CCECC on his part says industrial parks are a means for Ethiopia to enhance local employment, increasing investment attractiveness and boost its competitive advantage.

Ethiopia

Is Ethiopia the Ideal Investment Spot in Africa?

Foreign Direct Investment (FDI) has been steadily growing in Ethiopia due to the various incentives both federal and… Read more »

Copyright © 2017 Forum on China-Africa Cooperation. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.