Ethiopia to Build Four New Industry ParksSeptember 4, 2018 - Ethiopia announced plans to build four industrial parks by the end of the year, according to Ethiopian Investment Commission. Belachew Mekuria, the commissioner of the Ethiopia Investment Commission, said the government expects to start building parks at Jimma, Adama, Arerti, and Dire Dawa, reports Xinhua, China’s state news agency. According to the report, parks in Jimma and Arerti are expected to be built by China Communications Construction Company (CCCC), and Dire Dawa and Adama Industrial Parks by China Civil Engineering Construction Corporation (CCECC). Building industrial parks is part of the strategy towards that goal. Ethiopia continues to build industrial parks despite the country's struggle with foreign currency shortages, and increasing concern on the part of foreign investors due to its high debt to Gross Demostic Product (GDP) ratio.

Source: Ethiopian News September 04, 2018 06:00 UTC