Adama, Hawassa & Kilinto Industrial Parks welcome New Investors

ADDIS ABABA – Three manufacturing firms have today secured contract agreements with Industrial Parks Development Corporation to join IPDC-managed industrial parks.

Aklilu Tadese, CEO of IPDC, signed the contract agreements with the general managers of the companies with a combined capital of 486 million Birr.

These firms Long March Electrical Equipment Manufacturing, NK World Medical Equipment Manufacturing, and Warka Trading, will join in Adama, Kilinto, and Hawassa industrial parks, respectively.

CEO of IPDC Tadese said the companies will help Ethiopia save foreign currency spent on importing textiles, and medical equipment while creating job opportunities for science and technology graduates.

According to the contract agreement, Long March secures 3,000 meter square of land in the Adama Industrial Park – a facility that specializes in Machinery, Apparel, and Garment manufacturing.

The company is expected to invest 240 million Birr in the Electric meters device and related equipment manufacturing factory in the park located 74 km southeast of Addis Ababa.

NK World has also landed one hectare developed space in Pharmaceuticals specialized Kilinto Industrial Park. The company with 205 million capital plans to invest in a medical equipment manufacturing plant in the facility situated in close proximity to Bole International Airport in the capital.

Warka Trading, a local firm, will receive 5, 500 meter square of land in Hawassa industrial park, known for manufacturing textiles and apparel. The company will produce strings and supply its inputs to garment factories based in the industrial park.

The three factories will collectively create employment opportunities for nearly 700 citizens when they start their operations.

The newly appointed head of the IPDC Tadese that today’s agreement is an indication of the results of the recent efforts made for local manufacturing companies to join the industrial parks and begin production.

The Corporation will continue to assist local companies in becoming more competitive by providing the necessary support and oversight for their success, Tadese added. IPDC, a public enterprise established in 2014, currently, manages 13 industrial parks developed and operated by the government.