Another three parks dedicated to textile and garment production are to be opened in Ethiopia, according to press reports.
Chinese news agency Xinhua quoted Leslie Neme, CEO of the Ethiopia Industrial Parks, as saying construction on the three parks in Aysha and Semera in the eastern part of the country and Assosa in the western part, will undergo construction during the Ethiopian fiscal year which ends in July 2019.
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“The three planned industrial parks are expected to play a critical role in Ethiopia’s plan to transform its still largely agrarian economy into an industrialized one by 2025, using the textile and garment sector as a key component,” says Neme.
On Monday (7 October) the Ethiopian Prime Minister Abiy Ahmed inaugurated a second industrial park in Adama – 100km east of the capital Addis Ababa – which specialises in textile and apparel production.
More than ETB4.1bn (US$146m) has been invested in the park and it is expected to create 25,000 jobs and generate more than US$38m from export of goods according to a press release.
Global apparel brands are renting sheds according to the release from the Ethiopian Government including PVH, H&M, Zara and Decathlon.
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By GlobalDataIn December last year, Ethiopia inaugurated two industrial parks in Adama and Dire Dawa.
Previously it opened parks in Hawassa, Mekele and Kombolcha.
Through its five-year ‘Growth and Transformation Plan’ (GTP-II), which runs to 2020, Ethiopia plans to construct 15 industrial parks with a budget of more than US$1bn.
