Monday, October 2, 2023
BusinessService centers to be built in Industrial Parks

Service centers to be built in Industrial Parks

The Ethiopian Industrial Parks Development Corporation (IPDC) invited local and foreign investors to build various service centers which include market centers, restaurants and housing facilities in its industrial parks located in different regional cities, The Reporter has learnt.

In a tender notice the Corporation issued last week, it invited investors to submit their proposals, which will qualify them to collaborate with the Corporation, to build their planned service facilities such as hotels, business malls, refreshment centers and residential houses.

According to the tender notice, the corporation has already availed reserved plots designated for business activities inside industrial parks, including in Addis Ababa and other cities across the nation.

Furthermore, the Corporation has already inked an agreement earlier last week with Corner-Stone Housing Development Group to build housing for its employees based in Hawassa Industrial Park.

The agreement was signed between the CEO of the corporation, Sandokan Debebe, and Sirak Ambaye, General Manager of the Group. According to the agreement, the Group will build housing for 6,500 employees of the Park at the designated 2.08 hectares of land.

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Upon completion, the project will incorporate residential housing, dining centers, multi-purpose halls, shopping centers, refreshment centers, banking, training centers, health center, green areas as well as offices.

The project will have a total of 13 building blocks, which according to the agreement, is designed based on international standards, while the project construction will be completed in 18 months.

IPDC was established in 2014 as a public enterprise that has the vision of becoming an engine of rapid industrialization that nurtures manufacturing industries, accelerates economic transformation, and promotes and attracts both domestic and foreign investors.

To activate both pre and post-investment services, it avails serviced industrial land, pre-built factory sheds equipped with all-encompassing utilities and infrastructural facilities that fit international standards, with no compromise on workers’ security and environmental safety.

Similarly, the corporation, in collaboration with the Ethiopian Investment Commission (EIC) and Ethiopian Revenue and Customs Authority (ERCA), and other institutions, provides a one-stop-shop service for investors investing in the designated industrial parks.

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