Kombolcha Park Registers $3m in Export Earnings

Apr 2 , 2022

Kombolcha Industrial Park generated more than three million dollars from exports since tenants there resumed operations earlier this year following stagnancy due to the militarised conflict in the country's north, according to the Industrial Parks Development Corporation (IPDC). Located in the Amhara Regional State, the Park, one of 13 under the purview of the corporation, was inoperative for over two months due to the fighting. Officials say it sustained half a billion birr' worth of damage as a result of the conflict. Its tenants resumed export activities in February 2022, producing and shipping abroad synthetic textile products mainly to markets in Europe. Officials expect its exports to generate a total of 13 million dollars this financial year. It has thus far managed 7.7 million dollars.