IPDC Briefs French Business Delegation On Investment Opportunities In Ethiopia

Industrial Parks Development Corporation of Ethiopia (IPDC) and the Ethiopian Investment Commission (EIC) briefed French manufacturing companies and investors who expressed their keen desire to engage in multi-sectoral investments in Ethiopia regarding the enticing investment opportunities in industrial parks.

IPDC CEO, Mr. Aklilu Taddese, and Deputy Commissioner of Ethiopian Investment Commission, Mr. Temesgen Tilahun elucidated presentations to the French businesspeople.

Mr. Aklilu noted that there are various feasible and convenient opportunities in the investment centers managed by IPDC.

He underscored that there are potential opportunities in the trade and logistics sector at Dire-Dawa Free Trade Zone as well as in the agro-processing sector in Bahir Dar and Jimma industrial parks.

The giant French company, Malteries Soufflet (Soufflet Malt Ethiopia), which is engaged in the agro-processing sector at Bole Lemi Industrial Park, played a significant role in retaining foreign currency through its import substitution production, Aklilu noted.

He recalled that it has also created a market linkage for more than 50 thousand farmers. The IPDC CEO assured the French delegates of the Corporation’s commitment to providing the necessary support to new companies who are keen to invest in the industrial parks.

Mr. Aklilu and Mr. Temesgen further highlighted the alluring investment options in industrial parks and the cutting-edge infrastructures inside them, investment policies and frameworks as well as incentives for foreign firms and other investment-related issues.

Source: FBC

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