Local investors express interest to invest in new Dire Dawa Free Trade Zone

Addis Ababa January 17, 2023 (FBC) – Top Ethiopian investors engaged in various businesses in the country have expressed their interest to invest in Dire Dawa Free Trade Zone.

CEO of Industrial Parks Development Corporation (IPDC) Aklilu Tadesse held a discussion with Ethiopian investors on how to utilize potential in the new free trade zone.

IPDC stated that the investors have expressed their desire to engage in various investment sectors in Dire Dawa Free Trade Zone and presented detailed plans on their areas of preference to the CEO of the corporation.

Aklilu said stated these top Ethiopian investors are in the forefront of nation’s economic development endeavors and confirmed that the corporation will work aggressively make their proposals a reality.

It is to be recall that Prime Minister Abiy Ahmed inaugurated the Dire Dawa Free Trade Zone, to improve Ethiopia’s entire economy by boosting the import and export trade of the country.

Located in Dire Dawa, about 450 km east of the capital Addis Ababa and 320 km southwest of Djibouti’s port, the Free Trade Zone is the country’s first free trade zone (FTZ) the country.

By: Yonathan Yoseph