The construction of Dire Dawa Industrial Park completes
The construction of Dire Dawa Industry park has fully completed, according to Ibrahim Osman, Mayor of the city administration.
According to the report from Ethiopian News Agency, the park is expected to inaugurate in two months time.
Keyria Ibrahim, the speaker of the house of federations, has visited the park which is placed in 14, 500 ha plot of land.
The Industry park holds15 sheds and all the infrastructure that a park needs, according to ENA.
The first phase of the Dire Dawa Industrial Park, which is built with the cost of 51 million dollars, is expected to create over 15,000 jobs.
Aiming at becoming a middle-income industrialized nation by 2025, Ethiopia has built many industrial parks and industry Zones throughout the regions, to attract investment in various industries.
Ethiopia strives to be the hub of light manufacturing industries in Africa, placing an ambitious plan to develop world-class industrial parks with fascinating hard and soft infrastructure.
Last year, according to reports from Ethiopian Investment Commission three industrial parks in Ethiopia, Hawassa, Bole Lemi, and Eastern Zone had generated 248 million US dollars, from the export of various products in the last fiscal year.
In 2016, Ethiopia stood second in terms of attracting foreign direct investment in the textiles and garment industry next to Vietnam.