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Two new textile, garment parks to be developed with 5 billion USD

Two new textile, garment parks to be developed with 5 billion USD

Two new industrial parks for the textile and garment industry are set to come up in Ethiopia as the Industrial Parks Development Corporation (IPDC) of Ethiopia has awarded construction of these parks to Chinese firms.

CGCOC will construct the Bole Lemi II industrial park, an extension of the Bole Lemi I, while CCCC will build the Jimma industrial park.

The Bole Lemi II Industrial Park will be constructed at a cost of 3.5 billion birr in southern part of Addis Ababa. IPDC has selected CGCOC to undertake the construction which will take 12 months, while the South Korean firm DOHWA will be the consultant of the project.

The Jimma Industrial Park will be built in the Oromia Regional State in Jimma town at cost of 1.5 billion birr. CCCC, the Chinese construction firm, which has accomplished several major construction projects in Ethiopia, will construct the industry park within nine months. A local consulting firm, MH Engineering, will supervise the construction project.

During the contract signing ceremony, IPDC CEO Sisay Gemechu said that the government gave number one priority to the textile and garment industry. “It is a light industry which is labour intensive. And it uses locally produced raw materials,” he said.

Managers of the Chinese construction firms appreciated the Ethiopian government’s commitment to develop industrial parks and create job opportunities and boost the export sector. They assured that the construction of the projects would be completed according to schedule and high quality standards.

Since its establishment in 2014, IPDC has successfully completed the construction of two industrial Parks-Bole Lemi I and Hawassa. Currently, the corporation is developing the Mekelle, Kombolcha, Adama and Dire Dawa industrial parks. (RKS)

 

Source: http://www.waltainfo.com

Areda Batu
Author: Areda Batu

Areda Batu is a consultant, entrepreneur, Lecturer and researcher on textile and garment sector. He is a founder of this portal. He is also a co-founder of Infinity Consulting PLC.

About The Author

Areda Batu is a consultant, entrepreneur, Lecturer and researcher on textile and garment sector. He is a founder of this portal. He is also a co-founder of Infinity Consulting PLC.

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