Industrial Parks Dev’t Corporation inks agreement with 11 local and foreign companies

Addis Ababa, January 11, 2024 (FBC) – Industrial Parks Development Corporation (IPDC), has signed agreement with 11 local and foreign companies which have shown interest to invest in industrial parks across Ethiopia.

CEO of the IPDC, Aklilu Tadesse, has signed the agreement with representatives of the respected companies.

According to the agreement, the companies will engage in production activities in parks located in Mekelle, Jimma, Bahir Dar, Kilinto and Bole Lemi Industrial parks.

The companies with a total of 100 million USD will secure industrial factory sheds placed on 31,000 Sq m of land and additional 4.5 ha of land to be used for various purposes.

According to IPDC, the companies are expected to create job opportunities for more than 5,000 citizens and facilitate market link for more than 50,000 farmers.