Ethiopia Set to Construct New Agro-Industrial Park
The 7.8bn Birr (US$192m) agro-industrial park will be built on 250 Ha of land.
Ethiopia’s Oromia Industrial Parks Development Corporation signed the agreement with Walabu Construction Share Company, who will be responsible for the construction.
Sisay Gemechu, Head of Oromia Industrial Parks Development Bureau, and Dereje Ermias, Head of Walabu Construction Share Company, signed the contract on behalf of their respective companies.
During the signing ceremony, Mr Sisay stated that the construction should be completed in the next three years, and the Ethiopian government will cover all the construction costs.
The Oromia Industrial Parks Development Bureau pointed out that the construction project will create employment for over 3,000 people. The new industrial park will create more than 50,000 jobs in the various industrial processing plants to be located there, after it is completed.
Mr Sisay also said that the agro-industrial park would use local inputs from various areas in Wollega and Shoa zones, thus creating a direct market linkage between the farmers and the industries.
The industrial park is also expected to attract foreign and domestic investors involved in agro-processing products exported to the international market. This will accommodate various plants such as tea, coffee, grains, oilseeds, fruits, vegetables, meat, food grains, honey, dairy products, poultry products and eggs.
Photo: Hawassa Industrial Park, Ethiopia (Mimi Abebayehu | Wikimedia Commons)
Related News:
- German Real Estate Firm, Rockstone, enters Ethiopia Construction Market
- Ethiopia Begins Work on US$125m New Dam in Amhara Region
- Ethiopia Prime Minister launches 2.4bn Birr Jimma-Chida Road Construction Project
- Ethiopia Construction Market Report
Add a comment
ConstructAfrica welcomes lively debate, but will not publish comments that are threatening, libellous or abusive.