Chinese companies to invest in textile industrial park in Ethiopia
Chinese investors from Kunshan -Jiangsu province are going to build an industrial park dedicated to the textile production in the Ethiopian city of Dire Dawa. The entire project cost would be nearly half billion USD.
Du Xiaogang, Mayor of Kunshan city, led a delegation of investors who visited the city. Xiaogang noted the effort stands to testify to the strong bilateral ties between Ethiopia and China. He further expressed commitment on the part of his country to share experiences to make industrial parks more productive and successful. Incidentally, a 10-day training on industrial park management for thirty professionals from industrial parks from all over currently is currently underway in the city of Dire Dawa. The city administration would provide all needed support for the establishment of the industrial park.
Extending a further invitation to investors from Kunshan to invest more in Ethiopia, Lelise Neme, CEO of the Ethiopia Industrial Parks Development Corporation, remarked their investment would help foster university-industry linkage, besides creating employment opportunities. Dire Dawa and Kunshan are expected to sign a sister city agreement next month.China Ethiopia News