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Kombolcha Industrial Park occupied by foreign investors

YarnsandFibers News Bureau 2017-12-12 15:00:00 – Africa

The Kombolcha Industrial Park which rests over 75 hectares of land currently accommodates 9 manufacturing sheds inside designated for textile and apparel production are close to be fully occupied by foreign textile and apparel manufacturer, according to Ethiopian Investment Commission.

Public Relations Directorate Director with the Commission Mekonnen Hailu said that the companies which entered the sheds are currently training employees both at home and abroad and are expected to kick off production in the near future.

The industrial park has various pivotal roles besides unleashing job opportunities that will further speed up the economic growth of the town.

He added that the park will create job opportunities for over 20,000 citizens of the country and is hoped that the future will be bright to all business community as well as the surrounding farmers.

There is ample opportunity for youth in the town to learn technology and skills from high brand companies that are ready to operate their business currently. He accentuated that means technology transfer is imminent and it is additional asset to the nation that aspires to get a middle income status.

Kombolcha town is situated in a strategic site that has reasonable proximity to the port of Djibouti and for this reason the industrial park would add extra values to the economic development of the town.

The Director stressed that the commitment of the Ethiopian Investment Commission in transforming the nation towards industry-led economy is becoming visible.

Kombolcha Industrial park could provide industrialists an opportunity of acquiring a good location and modern factory accommodations. Also, Kombolcha Industrial park's closeness to the port of Djibouti is expected to grasp the attention of several international class textile companies. It is an ideal destination to distribute manufactured products to domestic market.

This industrial park is a well-planned park that provides sufficient land space to allow industrialists to expand factory space in the future.

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