Two of the three industrial parks will be in Addis Ababa, while the third will be in Jimma, Oromia Regional State), about 200km to the south-west.
By GCR |
Ethiopia has placed orders worth 10.5bn birr ($650m) for three industrial parks, each of which will be built by a different Chinese contractor.
Two of the three industrial parks will be in Ethiopia’s capital city, Addis Ababa, while the third will be in Jimma (Oromia Regional State), about 200km to the south-west.
One of the capital’s parks, Bole Lemi II, will make garments. This $155m scheme will be constructed by CGCOC, a private Chinese contractor with a presence across Africa and a well-established business in Ethiopia. It will have an area of 186ha and is due to be completed in 12 months.
The other park in Addis Ababa is the 337ha Kilinto, which will make pharmaceuticals and medical equipment. This has been awarded to CTCE, a subsidiary of China Railway Engineering. The cost is estimated to be $240m, and the project length will also be 12 months.
The consultant for both parks will be South Korean firm DOHWA.
The Jimma scheme will be another garment center, to be built by China Communications Construction Company at a cost of $66m. It will be completed in nine months.
Sisay Gemechu, chief executive of the Ethiopian Industrial Parks Development Corporation, told reporters that the work would be partly financed by a $158m loan from the World Bank.
Continue reading this story on GCR
- Ethiopia Plans Export Hubs With $10 Billion Industrial Parks
- Ethiopia to Launch Four More Industrial Parks within Two Years
- Ethiopia to Make Two Industrial Parks Ready for Investors in 3 Months
- Israeli Investors to Build Condominiums and Industrial Parks in Ethiopia
- Ethiopia: PM Urges Chinese Companies to Engage in Building Industrial Zones, Parks