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Article: ETHIOPIA: FOREIGN COMPANIES DEVELOPING INDUSTRIAL ZONE IN ETHIOPIA
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 31, 2009
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ADDIS ABABA, Ethiopia, Oct. 30 -- The government of Ethiopia issued the following news release:
China, India and Turkey have industrial zones in Ethiopia. Companies from these countries have already started developing their respective zones.
El Sewedy is the first African company to show an interest in opening an industrial zone in Ethiopia. The China Investment Group has its zone in Dukem, in the Oromia Regional State. The group has allocated a 6.7 billion Birr budget for the civil work required to prepare the zone for 80 factories.
The Ethio-Turkish Industrial Zone in Legetafo in the Oromia Special Zone has a budget of 10 billion dollars, according to Trade and Industry Minister Girma ...