Investors pump $160m into Addis Ababa special economic zone ...Middle East

IPDC chief executive Feseha Yetgesu said the companies, which he did not name, were establishing industrial activity within the zone located in the eastern suburbs of Addis Ababa.

He added that most of the investors were in the final stages of construction and machinery installation.

Once operational, the companies are expected to create over 2,000 permanent jobs.

Bole was the first of 11 industrial parks to be designated as SEZs by the Ethiopian Investment Board. The government of Ethiopia has based its industrialisation strategy on their establishment and future expansion.

Bole Lemi started operations in 2014 with 20 factory sheds covering 353ha of land. This is presently leased by companies from India, China and South Korea. It has ample surplus land for future expansion.  

This highlights its potential to become a key hub for rapid industrial development in Ethiopia.

Further reading:

Investors pump $160m into Addis Ababa special economic zone Global Construction Review.

Hence then, the article about investors pump 160m into addis ababa special economic zone was published today ( Friday 21/02/2025 - 12:08 PM ) and is available on GCR ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Investors pump $160m into Addis Ababa special economic zone )

Also on site :

• Moltbook, a social network where AI agents hang together, may be ‘the most interesting place on the internet right now’
• World Pickleball League 2026: Mumbai Picklepower go down to Bengaluru Jawana despite Brandon Lane's heroics
• INVESTOR DEADLINE: SLM Corporation a/k/a Sallie Mae (SLM) Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces