The export earnings were achieved during the first six months of the current Ethiopian Fiscal Year, which began on July 8, according to Henok Asrat, Director of Communications at the Ethiopia Industrial Park Development Corporation (EIPDC).
According to FBC, Asrat noted, “The 104 million US dollars in export profits obtained through industrial parks over the last six months of the current fiscal year is 25% greater than the same period last year”. Asrat also stated that the Semera industrial park, which is being built by China Communications Construction Company (CCCC) in eastern Ethiopia, is 97 percent complete.
Ethiopia wants to establish and commission more than 30 industrial parks across the country by 2025 in order to achieve its goal of becoming a light manufacturing hub. The Ethiopian government places a high value on cooperation with Chinese companies in a variety of industries. Construction of industrial parks, as well as large Chinese corporations investing in various industrial hubs, the bulk of which were developed with Chinese knowledge and funds, are examples.
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