Corporation, Chinese firms ink agreement for construction of Mekelle, Kombolcha industrial parks

Addis Ababa, May 5, 2016 (FBC) – Ethiopian industry parks development corporation has signed today an agreement with two Chinese firms to begin the construction of Mekelle and Kombolcha industrial parks at a cost of 250 million US dollars.
The corporation inked the agreement with China Civil Engineering Construction Cooperation (CCECC) and China Communications Construction Company (CCCC).

The Ethiopian government will cover all the cost for the construction of the industrial parks.

Sisay Gemechu, chief executive officer (CEO) of the Ethiopian industrial park development corporation, said the indigenous firm MH Engineering will involve in the construction of the parks as a consultant.

According to the agreement, the construction of the industrial parks is scheduled to be complete in 6 months time.

Mekelle and Kombolcha industrial parks rest on 75 hectares of land each and will comprise more than 30 factory sheds.

Both industrial parks are expected to create 50,000 jobs.

Preparations are also underway to start soon the construction of Dire Dawa and Adama industrial parks, Sisay indicated.