Ethiopian Prime Minister Abiy Ahmed recently inaugurated the Bahir Dar Industrial Park, expected to boost the expansion of the textile sector in the capital of Amhara state. Textile, garment, medical equipment and pharmaceuticals are some of the products that would be manufactured there. The park has been constructed with an outlay of over $53 million.
Prime Minister Abiy Ahmed said enhancing the manufacturing sector is one of the key pillars of his Home Grown Economic agenda unveiled in 2019.
The first phase of the park, constructed by the China Civil Engineering Construction Company (CCECC) covers 75 hectares with eight factory sheds in which investors are currently finalising set ups to commence operation a news agency reported.
When fully operational, the industrial park is expected to create jobs for more than 10,000 and boost exports. It is likely to double job opportunities during its second phase.
Farmers who have been relocated from the industrial park’s site would get jobs on priority.