Chinese company to construct $500 million industrial park in Ethiopia
Afrique en ligne, France - July 31, 2007
A Chinese company, Jiangsu Qiyaan Investment Group, announced on Tuesday plans to construct the first private industrial zone in Ethiopia costing $500 million.
The industrial zone, to be constructed in Dukem located some 37 km east of Addis Ababa, will attract 80 Chinese companies upon completion in the next two to three years.
The industrial zone will be constructed on five square kilometers of land leased from the Oromia regional state.
The industrial zone will be available for local and foreign investment in textiles and garments, leather and leather products, construction machineries and steel manufacturing.
Banking services and offices of the Ethiopian Customs Authority and Quality and Standards Authority will also be opened in the industrial compound ...