Addis Ababa, January 27, 2025 (FMC) – Ethiopia’s Industrial Parks Development Corporation (IPDC) today reported that investors who have registered investments of over 597 million US dollars have entered the special economic zones and the Dire Dawa Free Trade Zone in the past 6 months of the 2024/25 fiscal year.
Highlighting the six-month performance report to the senior management of the corporation, Head of Investment Promotion and Marketing at IPDC, Mr. Zemen Junedi, stated that over 80 different investments have been attracted to the special economic zones managed by the Corporation.
The report stated that 14 manufacturing sheds and over 70 hectares of leased land have been transferred to the investors in that period in Mekelle; Bole Lemi, Qilinto, Kombolcha, Jimma, and Semera SEZs as well as Dire-Dawa Free Trade Zone, he pointed out.
Of the total investment attracted, Chinese, Russian, Vietnamese and domestic investors are engaged in pharmaceuticals, agro-processing, especially coffee and tea, electric vehicle assembly and other technology and manufacturing sectors, Mr. Zemen added.