Ethiopia and Largest Industrial Parks
Located at 280 kilometers in the southern part of the county in the area officially known as Hawassa the largest industrial park has been inaugurated. This, in the country long history, is a first and cover a surface area of 1,300,000 Square kilometers. Government officials stressed on the fact that this facility are Eco-friendly and build with international environmental protection plans.
Ethiopia as an ancient civilization is stuck at old agricultural tradition which are prone and at the mercy of the elements. This new major development in the manufacturing sector shades a new light of hope in increasing quality of life for the mass as a whole. Economically the manufacturing sector can now be a major contributor in the country foreign exchange market.
Investor were interested in this massive venture even before construction completed. 20 major investors and manufacturing giants from within the country and abroad are in going discussion and planning phase to be major players in this unmissable business opportunity. Investor from china Indonesia us are some to mention
This economic park creates powerful development for the country. In turn in trust in other major investments sectors to work and invest in Ethiopia and Ethiopians. This is true in the case of Chinese firms that are allocating production to overseas.
Compared to other African countries Ethiopia major is its 45 million strong young labor force who are eager to grow both financially and experience wise. This particular industrial village can create employment for about 60000 Ethiopian. This is huge number and unheard of in the past.
1 billion dollars is a big figure to a poor country like Ethiopia. But this figure is what expected as the revenue of tis industrial park. The predicted yearly growth of Ethiopia manufacturing sector is currently at 25 percent. With this park in full swing it is expected to double within the next 5 years.