Ethiopia: two new industrial parks ready in February
08/12/2016
The two facilities, which are the result of $250 million of investment, will create more than 50,000 new jobs, deputy chief executive of IPDC, Amare Asgedom, said in recent comments. A further eight industrial parks are planned.
Ethiopia has put aside more than $1 billion for the construction of industrial parks in its second Growth and Transformation Plan (GTP-II), which spans the period from 2015-2020. It believes the industrial parks will help it achieve a bigger target of establishing Ethiopia as a middle-income country by 2025.
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