A giant industrial park mainly designed for textile manufacture, garment products and agro industry has come up in Ethiopia. This would help boost the country’s exports, it is said. Built on an area of 1.3 million square meters, it involved a cost of $250 million in completing. The mega project, built by a Chinese company, was completed in only 9 months time.
The new park has been built as part of the government’s plans to expand the industry development which plays a crucial role in realising the country’s dream to be Africa’s leading manufacturing powerhouse.
Speaking at the inaugural ceremony, Ethiopian Prime Minister Hailemariam Desalegn said that the giant park will have significant input in transforming the country’s economy. It will attract foreign direct investments and will play a pivotal role in transforming small-scale manufactures into a larger scale. The mega project named Hawassa Industrial Park is located in Hawassa town located some 275 km south of the capital, Addis Ababa.
The Hawassa eco-industrial park has 35 factories equipped with 1 stop service center and has its own renewable electricity sources to avoid power supply problems. Nearly 15 foreign companies from America, China, India and Sri Lanka as well as six local companies have finalized preparations to start operation at the Industrial Park.
