Abiy was back home to innaugurate the Adama Insdustrial Park. The parks are central to the country’s economic plans and were started years back. Also in attendance was President of the Oromia region, Lemma Megerssa and other regional officials.
The PM’s chief of staff wrote on Twitter that the park is —an important addition to a network of world class, sustainable eco-industrial parks in Ethiopia ready for plug & play investment. Productive investments strengthen the base of our economy & generate sustainable jobs.
According to the Ethiopian Investment Commission, EIC, these parks are set up for specific sectors as textile and apparel, leather and leather products, pharmaceutical, agro-processing etc.
PM Abiy Ahmed inaugurated today the Adama Industrial Park—an important addition to a network of world class, sustainable eco-industrial Park in #Ethiopia ready for plug & play investment. Productive investments strengthen the base of our economy & generate and sustainable jobs. pic.twitter.com/ldP7UglJpLLoading...
— Fitsum Arega (@fitsumaregaa) October 7, 2018
The Adama Park joins others like the flagship Hawassa Industrial Park and the Bole Lemi I Industrial Park. Its scope will be the textile, apparel, vehicle assembly and food processing cluster. It is expected to open up a million job vacancies.
Adama, also known as Nazreth, is a city in central Ethiopia and the previous capital of the Oromia. Adama forms a Special Zone of Oromia.
Other upcoming industrial parks include Dire Dawa, Mekelle, Kombolcha, Kilinto, Arerti, Bole Lemi II and Debre Berhan Industrial Parks.
Ethiopian government has often taken high-profile visitors to tour these parks. The International Monetary Fund chief, Christine Lagarde; Rwandan president Paul Kagame and President Isaias Afwerki of Eritrea have all visited these parks whiles in the country.