It was revealed that it was able to attract more than 300 million US dollars of investment in the quarter
The Ethiopian Industrial Parks Corporation announced that it was able to attract more than 300 million US dollars in investment in the first quarter of the 2017 fiscal year.
A discussion was held to evaluate the performance report of the Industrial Parks Development Corporation for the first three months of the fiscal year.
During the discussion, the Deputy Chief Executive of the Corporation, Ato Diman Junedi, said that various sheds and cultivated land were handed over to investors who had registered more than 300 million dollars in the quarter.
He stated that among the investors who entered and invested in industrial parks, the largest number of investors were local investors.
He also said that if Chinese, Japanese and Vietnamese investors are attracted, they will participate in foreign direct investment.
The information of the corporation indicated that the investors who entered and invested in the industrial parks were engaged in Hawassa, Kombolcha, Bole Lemi and Kilinto industrial parks.
It is said that the government’s encouragement in the sector, the attention given to local investors, favorable investment options in the industrial parks and the improvement of the corporation’s service delivery have contributed to the results.
It was also stated that the corporation earned more than 864.6 million birr in the last three months.
It was explained that the income was obtained from the rental of production sheds and cultivated land, from the rental of apartments and buildings, as well as from the various services provided by the industrial parks and the Free Trade Zone in Dredawa.
Semera, Kilinto and Bole Limi Industrial Parks were mentioned in the forefront in terms of revenue performance.
Source: Fanabc Translation: Apex Consult
