Rental rate for sheds in Hawassa industrial park revealed

Addis Ababa, April 23, 2016 (FBC) – The rental rate to own sheds in Hawassa industrial park announced today.

In the first four years, the rental rate is 2 US dollars per square meter per month.

However, beginning from the fifth and up to the seventh year, the rate per square metre will be 2.5 US dollars, while the fee from the eighth up to the tenth year is 2.75 US dollars per month.

From the tenth up to the fifteenth year, the rental rate is 3 US dollars per square meter.

With this rental price, the sheds are expected to generate 29.76 million UD dollars income annually in the first four years.

They are also expected to make 57.66 million US dollars and 144.15 million US dollars revenue within seven and fifteen years, respectively.

This income, coupled with the 1 billion US dollars the companies are expected to generate from export, will have a significant contribution for the country.

Ethiopia yesterday announced the incentives it would offer to local investors interested to engage in the industrial park.

Built on 130 hectares of land, Hawassa industrial park is expected to go operational within the coming two months.