October 21, 2017 - The Adama and Dire Dawa industrial parks, whose construction was launched in 2016, will be inaugurated at the end of this month, reports Ethiopian News Agency. The industrial parks will specialize in textile, apparel, and agro-processing and will increase the number of parks with similar sector to five next to Hawassa, Mekele and Kombolcha, according to Ethiopian Investment commision.

The industrial park in Hawassa, which was inaugurated last year, started operation. Companies have also shown keen interest to open shop at the recently inaugurated industrial parks in Mekele and Kombolcha.

The government spent about USD 315 million to develop the two industrial parks, deputy commissioner in charge of Industrial Parks, Belachew Mekuria (PhD), said.

As Adama and Dire Dawa are in close proximity to the Port of Djibouti, it expected that they will contribute to the facilitation of foreign trade for the country.

The parks are expected to further strengthen industrial development in the country by facilitating the way in fulfilling its vision of becoming manufacturing hub in Africa.

Source: Ethiopian News Agency