In January 2020, we followed this up by investigating another possible catalyst of economic growth: Mekelle Industrial Park in Ethiopia’s Tigray National Regional State. According to a 2018 UNIDO case study report on industrial park development in Ethiopia, we can witness that “the industrial park economy has become a global trend.” It was therefore a pragmatic decision by Ethiopia in 2014 to establish the Ethiopian Industrial Parks Development Corporation (IPDC) to draw plans and strategies about how to utilize industrial zones for long-term national interests. The close cooperation can be witnessed through the economic development of Ethiopia as well, since the very idea of such industrial parks comes from China. Mekelle Industrial Park, one of 12 already inaugurated parks (three more are under construction) is also an outcome of such Ethiopian-Chinese cooperation. Mekelle Industrial Park (IP) was inaugurated on July 9, 2017.

Source: Ethiopian News April 16, 2020 13:08 UTC