Ethiopia to inaugurate Adama and Dire Dawa industrial parks soon

YarnsandFibers News Bureau 2017-10-23 12:00:00 – Africa

The Adama and Dire Dawa industrial parks which will specialize in textile, apparel and agro processing to be inaugurated at the end of this month, whose construction was launched in 2016, according to Ethiopian Investment Commission. The parks are expected to further strengthen industrial development in the country by facilitating the way in fulfilling its vision of becoming manufacturing hub in Africa.

Adama Industrial Park and Dire Dawa Industrial parks both are constructed by China Civil Engineering Construction Company (CCECC) at a cost of 125 Million USD and 190 Million USD approximately. As Adama and Dire Dawa are in close proximity to the Port of Djibouti, it expected that they will contribute to the facilitation of foreign trade for the country.

In addition to realizing development, the parks will play important role in improving employment opportunities. The parks are expected to create a total of 50,000 jobs in douple shift, up on going operational.

Around 19 factories that can produce textile products are constructed in Adama with ambitious to create job opportunities for more than 15,000 Ethiopians directly and for over 15,000 peoples indirectly and the Dire Dawa Industrial Park aimed at creating job opportunities for over 10,000 people in a single shist, said the Deputy Commissioner in Charge of Industrial Parks Dr. Belachew Mekuriahe.

He said that the government has been also engaged in inviting anchor companies that will enter into the parks, alongside the construction. Accordingly, several textile companies are forwarding their request for the sheds in both industrial parks.

Adama and Dire Dawa industrial parks built at comfortable places, so the investors could easily engage at any time without any challenges. Many investor are requesting to invest in Dire Dawa industrial park, as it is close to port.

The Deputy Commissioner said that they are expecting that the entire sites in both industrial parks will be fully occupied just within a few months after the inauguration. As the parks are fitted with the provision of one stop services, companies that will enter into the parks will get services within the compounds of the parks.

The nation has been engaged with the development of industrial parks with its ambition to become the continent’s manufacturing hub.

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