IPDC attracts 104 mln. USD from export

ADDIS ABABA- Industrial Parks Development Corporation (IPDC) disclosed that it has generated 104 million USD from export operating at Industrial Parks.

Briefing journalist yesterday about its six month performance, IPDC Marketing and Communication Department Head Henok Asrat said thatthe corporation has achieved 80.7 million USD (3.7 billion birr) just in six month of the budget year regarding import substituting items and a range of manufacturing products.

This year import substitution has surpassed that of the previous year same period by 60 million USD (33 percent), and has surpassed by 20 million USD revenue wise.

As indicated in the performance report, some 33 thousand job opportunities were created in six months of this budget year he said adding that the created job opportunity has shown 52 percent growth compared with last year’s the same period.

The IPDC has achieved 23 million USD marketing in six month performance of this budget year through creating market linkages with small and medium manufacturing enterprises as well as helping farmers link with 5 enterprises operating at Industrial parks.

From 177 factory shades some 158 have been occupied by investors he said adding 158 shades occupied by investors and also 98 shades are entered into operation and manufacturing activities. IPDC has attracted two investors namely: Elauto Engineering, which manufactures vehicles and DimitriosKampouris over the last six months.

Elauto Engineering and DimitriosKampourishave rented 11,000 square meters and 1.89 hectares for factory shades respectively with a view to engaging in investment, it was learnt.

Industrial parks operating in the country including the six month performance have attracted 850 million USD since they went operational.


The 12 February 2022

Leave a Reply