Adama gets USD 140 million Industrial Park
The first phase of the USD 140 million Adama Industrial Park was inaugurated by Prime Minister Abiy Ahmed (PhD) on Sunday October 7, 2018.
The industrial park rested on 365.5 hectares of land and the first phase which saw the construction of 19 manufacturing sheds took place in 102 hectares of land, according to information from the Industrial Parks Development Corporation (IPDC).
As the park is already receiving manufacturers, companies like Antex Textile and Charter Venture Apparel have already acquired manufacturing space.
The Industrial Parks Development Corporation CEO Lelise Neme said that the park is expected to bring in an export revenue of 40 million dollars a year and create job for 25,000 people.
Apart from this park, Adama expects industrial parks to be built by two Chinese companies and another heavy-duty trucks assembly park on 120 hectares of land to be completed soon.
Currently, the country has five completed industrial parks and other six on the pipeline. Arkebe Oqubay (PhD), the board chairman of the IPDC stated that parks in Dire Dawa, Kilinto II, Bole Lemi II, Jimma, Bahir Dar and Debre Birhan are set to be completed and become operational shortly.