Ethiopia earns 24 mln USD in revenue from Chinese built industrial park

ADDIS ABABA, March 29 (Xinhua) -- Ethiopia has earned 24 million U.S. dollars from a Chinese-built industrial park during the first six months of the current Ethiopian Fiscal Year 2021/2022 which started on July 8, an Ethiopian official said Tuesday.

Yeshitila Mulugeta, general manager of Debre-Birhan industrial park, said the revenues were earned from agricultural and textile products produced in the industrial park during the six months.

Debre-Birhan industrial park located 110 km north of Addis Ababa, the Ethiopian capital, was constructed by China Communications Construction Company (CCCC). The industrial park was inaugurated in March 2019.

Mulugeta further said more than 1,700 citizens have been provided with job opportunities in the Debre-Birhan industrial park.

Ethiopia currently has more than a dozen operational industrial parks, with several more under construction.

In recent years, Ethiopia has embarked on industrial parks' construction and commissioning activities, as part of a broad economic strategy to make the country a light manufacturing hub in Africa by 2025.

The Ethiopian government has attached great importance to cooperation with Chinese firms in various fields. These include the construction of industrial parks along with giant Chinese firms investing in various industrial hubs, the majority of which were built with Chinese expertise and finance.