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Industrial Parks Generate $103m

May 4 , 2019

The five operational industrial parks generated 103 million dollars from exports in the first three-quarters of the current fiscal year. This is a 40pc improvement from last year’s performance, which was 73.1 million dollars. Textile, garment, shoes and other leather products exported to the United States, Europe and Asia were the sources of the revenue. During the reported period, the parks created 16,000 new jobs, bringing the total number of employees in the five parks to 70,000. The government has plans to build 11 industrial parks with an estimated cost of 30 billion Br. So far, it has completed the construction of seven parks, of which five: Hawassa, Bole Lemi I, Kombolcha, Meqelle and Adama industrial parks are operational.


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