Hawassa Industrial Park Visit on Friday Big Part of Paul Kagame’s Ethiopia Visit
Flagship Investment Park in Hawassa Scheduled for Visit During President Paul Kagme's Three Day Visit to Ethiopia
As the Rwandan president’s 3-day visit approaches, the Ethiopian government is preparing to host a grand tour of the Hawassa Industrial Park. The dignitary will be accompanied by counterpart, Prime Minister Abiy Ahmed. The tour is part of an itinerary that will include other development projects. The visit to Hawassa Industrial part is set for tomorrow, Friday, May 25, 2018.
The Hawassa Industrial Park is a big part of Ethiopia’s ambitious move to make the country a top manufacturing center in seven years time (2025).
Already the company is attracting major producers. One big recent success is the arrival of the American clothing giant, PVH Corp, to the new park. 1 billion U.S. dollars in annual revenue from the park once it starts operations at its full potential.
Related: Looking Beyond the Horizon. A case study of PVH’s Commitment to Ethiopia’s Hawassa Industrial Park
Energy and raw material prices are rising in Asia and other manufacturing centers of the world. Notably, this makes Ethiopia and many other African countries a more feasible choice for giant companies like PVH. The firm is known for being behind such famous luxury brands as Tommy Hilfiger and Calvin Klein.
The Hawassa park has also attracted attention for being built in a record nine months. Located only 275 km from Addis Ababa, the park covers an expansive 1.4 million square meters.
Significantly, the Ethiopian Government and Rwanda have numerous bilateral trade agreements between them are planning to work in close cooperation.
PM Hailemariam was in Rwanda April of last year and media reports that the two neighboring countries have no less than 11 bilateral agreements between them.
In the past, President Kagame has visited Ethiopia industries. For instance, in 2015 he toured the Metals and Engineering Corporation (METEC) in 2015. See video below for interesting footage of Ethiopia’s largest industrial complex.