in

China’s WODA Metals Industry Signs Agreement With EIC to Transform into Industrial Park –

[ad_1]

Addis Ababa, August 10, 2022 (Walta) – Following Ethiopian Investment Board’s (EIB) decision, Ethiopian Investment Commission (EIC) signed an agreement with WODA INDUSTRIAL PARK to upgrade WODA METALS INDUSTRY PLC to an industrial park level in presence of the Embassy of China, JETRO, and government officials.

Expanding from an existing 18.9 hectares of an operational factory, the park will have 100 hectares of land located in Oromia regional state, Sebeta town.

With approximately 95 million USD, WODA INDUSTRIAL PARK will host manufacturers to engage in the production of Metal and Engineering, Cables manufacturing, Automotive, and Tire industries.

With enhanced infrastructure facilities, utility supply, and OSS government services, WODA Industrial Park will help in realizing efficient production plants specializing in government priority sectors.

Employing eco-industrial park principles, manufacturers inside the park will engage in highly import-substituting and hard currency generating products. The park will facilitate knowledge and technology transfer by creating more than 17,500 job opportunities, according to the Ethiopian Investment Commission.

[ad_2]

Source link

What do you think?

Aggregated by Ethiopian News Digest

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Chinese WODA Steel Company Signs MOU with EIC to Upgrade Itself to Industrial Park Level | Satenaw: Ethiopian News

Godina Harargee Lixaa aanaa Bookeetti qonnaan bultootni 116 ta’an maqaa investimentiitiin beenyaa tokko malee lafa isaaniirraa akka buqqa’an taasifamaa jiraachuu himan.