Ethiopia is all set to construct agro-industrial parks in four states at a cost of $84.22 million.
The project was originally being carried out during the event held by Ethiopian ministry of trade and industry at Bishoftu’s pyramid resort on October 8, 2019.
Minster of trade and industry, Fetlework G/Egziabher, the state minster, higher level regional officials and project managers were present during the ceremony.
After African Development Bank carried out for the funding the ministry of trade and industry organized the event.
In the second phase of growth and transformation plan the ministry will be more highlighting on manufacturing sector, said ‘Fetlework G/Egziabher’.
The development of these parks has a positive role in boosting agricultural productivity, and the government will build rural transition centers around the park,’ said Fetlework G/Egziabher.
‘we will work on increasing productive capacity, building on an already-strong infrastructure project pipeline (particularly in hydropower, road and rail), and reforming the business environment that drive growth for the country in the past few years,’ stated Fetlework G/Egziabher.
The sponsorship for the project for agricultural processing comes from the African Development Bank, the Korea Exim Bank, the European Union, the United Nations Industrial Development Organization (UNIDO) and Big Wynn.
The construction of integrated agro-industrial parks pilot project in four regional States are the blue prints for the progress made by the Ministry of Trade and Industry.
