They have been eyeing at manufacturing industry expansions, accelerating economic transformation and attracting domestic and Foreign Direct Investment (FDI). To this effect, the government has endorsed Industrial Parks Proclamation announcing that industrial parks can be established publicly and privately. In this case, the Industrial Parks Development Corporation (IPDC) is in charge of managing the development of large, medium and light industrial parks. Ethiopia has targeted a billion USD annual investment in industrial parks over the next decade to boost exports and becoming Africa's top manufacturer. Presently, following favourable conditions created, well-articulated policies and strategies existence , peace and security stabilization, incentives among others, foreign investors have continued eyeing Ethiopia investment choice.

Source: Ethiopian News February 18, 2017 17:31 UTC