Turkish Investors Set to Build Industrial Park in Tigray


Turkish Investors Set to Build Industrial Park in Tigray
Turkish Investors Set to Build Industrial Park in Tigray

Turkish investors set to build a 750 million euro Industrial parking Tigray regional state, Fana broadcasting corporate reported.

The investors have discussed with the local community and government officials on the application of the project.

The park which will cover 500 ha is expected to use the world’s best and new technologies, according to the report.

Kelele Hagaze, an administrator of Wojerat District, said that the administration will provide all the necessary support including the transfer of land needed for the park.

On the discussion held with the local community and regional, the investors stated that there are high land resources and human resources in the area.

The construction of the industrial park will begin in March and expected to complete in two years time.

Aiming at becoming a middle-income industrialized nation by 2025, Ethiopia has built many industrial parks and industry Zones throughout the regions, to attract investment in various industries.

Ethiopia strives to be the hub of light manufacturing industries in Africa, placing an ambitious plan to develop world-class industrial parks with fascinating hard and soft infrastructure.

Last year, according to reports from Ethiopian Investment Commission three industrial parks in Ethiopia, Hawassa, Bole Lemi, and Eastern Zone had generated 248 million US dollars, from the export of various products in the last fiscal year.

In 2016, Ethiopia stood second in terms of attracting foreign direct investment in the textiles and garment industry next to Vietnam.


Like it? Share with your friends!

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Solomon Yimer

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format