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Chinese firm to set up textile plant investing USD 220 mn in Ethiopia

Related Keywords: Chinese firm Wuxi No. 1 Cotton Mill, cornerstone laying ceremony, DDIP, eastern city in Ethiopia, inside Dire Dawa Industrial Park, investment of USD 220 million, setting up textile plant

Chinese firm Wuxi No. 1 Cotton Mill will be setting up textile plant which will lie on 40 hectares of land inside Dire Dawa Industrial Park (DDIP), eastern city in Ethiopia with an investment of USD 220 million. Dire Dawa major’s office stated.

The cornerstone laying ceremony for the textile plant was held on Tuesday. The construction of the textile plant will take 30 months and is expected to employ 3,000 Ethiopians once commissioned.

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