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Ethiopia inaugurated two industrial parks in Kombolcha and Mekele on July 8 and 9 respectively. The Kombolcha Industry Park and the Mekele Industrial Park are both dedicated to the textile and apparel and have a construction cost of USD 250 million.
The park located in Kombolcha was constructed by China Communications Construction Company while the one located in Mekele was constructed by the China Civil Engineering Construction Corporation.
During the inauguration of the Mekele Industrial Park, Prime Minister Hailemariam Desalegn stated that the parks will pave the way for the renaissance of the country and are becoming the engines of the country’s economic growth.
The newly inaugurated parks are the third in a series after the Hawassa Industrial Park. Ethiopia has been intensively working in the development of parks to attract global companies in the textile and apparel industries.
Furthermore, by developing special economic zones in different parts of the country, the government hopes to sustain double digit economic growth.
The Mekele Park that is built on a 100 hectares of land is expected to create jobs for 20,000 individuals. Dr. Arkebe Oqubay, Board Chairperson of Industrial Parks Development Corporation, on his part emphasized during the inauguration that the Mekelle Industrial Park would promote technology transformation and economic integration.
The Ethiopian government has commissioned construction of 15 industrial parks across the country, which currently are at different levels of performance. Industrial parks in Adama and Diredawa are expected to be inaugurated at the beginning of the coming Ethiopian year.
Ethiopia has ambitions to be a textile and apparel manufacturing hub in Africa earning the country USD 1 billion by 2020 and providing ample employment for its estimated 45 million workforce.