ADDIS ABABA (Xinhua) – Hong Kong-based firm Hop Lun (Hong Kong) Limited on 10th July 2019 signed a Memorandum of Understanding (MoU) with the Ethiopian Investment Commission (EIC) along with the Industrial Parks Development Corporation (IPDC) of Ethiopia to manage Bahir Dar Industrial Park located in Amhara Region of Ethiopia.
The MoU agreement was signed between representatives of Hop Lun Limited and the Ethiopian Investment Commission in Bahir Dar City, the capital of Amhara Regional State, which is located 552 km north of Ethiopia’s capital Addis Ababa.
Bahir Dar Industrial Park, which is in the final stage of commissioning, was constructed by China Civil Engineering Construction Corporation (CCECC), and when at full capacity, is expected to create employment opportunities for about 10,000 Ethiopians. The Industrial Park is one of about a dozen textile and garment sector dedicated industrial parks Ethiopia is constructing to meet its manufacturing ambitions.
With Ethiopia attracting large-scale investment in the export-oriented manufacturing sector, especially from Chinese firms, the country sees improving the efficiency and speed of the logistics sector as key to meeting national manufacturing revenue goals.
Ethiopia plans to have 30 industrial parks by 2025, as part of its efforts to make the country a light manufacturing hub and lower-middle-income economy in the same period.
About Hop Lun (Hong Kong) Limited
Established in 1992, About Hop Lun (Limited is a Hong Kong-based company whose line of business is wholesale distribution of women’s, children’s, and infants’ clothing and accessories. The company is known to offering services from product design to manufacturing and in achieving quality products at a competitive price. Today, Hop Lun employs close to 30,000 people, we own eight manufacturing facilities located across three countries, with centralized pre-production office and logistic center.
Source: Xinhua