Currently having seven of them, Ethiopia has a plan to have 15 industrial parks throughout the country by the mid of 2018, Dr. Arkebe Oqubay says.
ADDIS ABABA (Xinhua)–Ethiopia has planned to increase the number of its industrial parks to 15 by June 2018 as part of its efforts to boost manufacturing and export.
Speaking exclusively to Xinhua, Arkebe Oqubay, Board Chairperson of Ethiopian Industrial Park Development Corporation (IPDC), said Ethiopia’s aim in building more industrial parks is to enable the manufacturing sector to contribute to 20 percent of Ethiopia’s GDP and 50 percent of the export volume by 2025.
“In January 2018 Kilinto Pharmaceutical and Bole Lemi 2 industrial parks will be commissioned, by May Bahir Dar and Jimma industrial parks will be operational, and in June expect Debre Berhan and Arerti industrial parks to start operations” said Dr. Arkebe Oqubay.
The two industrial parks are also being constructed by CCECC at a cost of 190 million and 125 million dollars respectively.
“Industrial parks will initiate fast economic growth and enable structural economic change through a high tech manufacturing industry,” said Dr. Arkebe.
He further said with Ethiopia planning to sustain 14 years of double-digit growth for a decade in order to create 2 million direct and 4.4 million indirect manufacturing jobs, the bulk of them will come from industry parks.
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