The Industrial Parks Development Corporation (IPDC) reported attracting USD 300 million in investments and generated over USD 26 billion in export revenue in the first quarter of the 2024/25 fiscal year.
According to IPDC’s Deputy Chief Executive Officer for Investment Promotion and Marketing, Zemen Junedi, 45 new investors have committed to ventures within the industrial parks and the Dire Dawa Free Trade Zone. The corporation has facilitated this growth by providing investors access to sheds and cultivated land, which have already been handed over for development.
Foreign Direct Investment (FDI) remains robust, with substantial contributions from China, Japan, and Vietnam, underscoring Ethiopia’s international investment appeal.
Kamil Ibrahim, Deputy CEO of IPDC’s Operations Division, reported that the USD 26 billion in export revenue was achieved primarily through the activities of Jimma and Bole Lemi Industrial Parks, which led to export performance over the quarter.
Source: Ethiopian News Agency
