Ethiopia Signs Deal For Special Economic Zone
Chinese contractor will co-develop Gada Special Economic Zone.
The Gada Special Economic Zone Authority (GSEZA) has signed a memorandum of understanding with China Civil Engineering Construction Corporation (CCECC) regarding the joint development of the Ethiopian special economic zone.
The agreement, signed in Addis Ababa on 15 August, involves CCECC co-developing the Gada Special Economic Zone (GSEZ) across 10 square kilometres in the Oromia region over the course of five years. The work will entail constructing a logistics centre, an export processing centre, an industrial park and other developments.
Gada Special Economic Zone Signed MOU with CCECC in the presence of Obbo Shimellis , Ambassador Girma and Ambassador Zhao to develop 1000 hectares of land with Joint Venture partnership.https://t.co/WvXoT3LkiHhttps://t.co/0jgmuSUTrnhttps://t.co/Pxp8ODb5gH pic.twitter.com/rRQbaoP2Dp— Gada Special Economic Zone (@gadasez) August 16, 2023
The government has allocated a total of 240 sq km of land for the GSEZ, with the first phase to cover 31.5 sq km. The GSEZ is planned to have 13 industrial zones, free trade zones, recreational centres, central business districts, science and technological parks, trade service parks and residential areas.
Top photo: Agreement signing (Source:GSEZA)