Dire Dawa is witnessing a surge in investment activity, with investors who registered capital exceeding Birr 60 billion during the first half of the fiscal year now commencing operations, according to the city’s Commerce, Industry, and Investment Bureau.
The investments span manufacturing, services, agriculture, and construction sectors, collectively expected to create over 34,000 jobs.
Deputy Head of the Bureau, Ato Abdi Muktar, highlighted the increasing interest of domestic and international investors in Dire Dawa. Its proximity to the port of Djibouti, good infrastructure connectivity, and streamlined investment processes have made it a preferred destination for business ventures.
He also credited the Ethiopia Tamrit (Let Ethiopia Produce) Movement for implementing integrated infrastructure development, financial support, and professional assistance, bolstering the manufacturing sector. These initiatives have not only encouraged new investments but also revived industries that were previously inactive or under construction.
Among the notable beneficiaries is the Dire Steel Factory, which produces a variety of metal products.
Over the past two years, coordinated efforts by the Ethiopia Tamrit movement have successfully reactivated nine factories that were either shut down or incomplete, creating permanent employment for more than 1,170 individuals.
Source (including image): Ethiopian News Agency
