Dubai-based firm Keen to Build Industrial Park in Ethiopia

ADDIS ABABA – Dubai Investment Park (DIP), a subsidiary of Dubai Investments PJSC, is keen to build “a huge Industrial park” in Ethiopia, the manager of state-owned IPs in the East African nation said on Wednesday.

The UAE-based company wants to develop the park jointly with the Industrial Park Development Corporation or IPDC, a public enterprise that currently manages 13 state-owned industrial parks in Ethiopia.

An IPDC delegation led by its CEO Aklilu Tadesse visited the Dubai Investment Park in Dubai today as they continued their official visit to the United Arab Emirates.

The delegation also held discussions with the Park’s International Commercial Manager Salim Al Hajeri on a range of investment issues, according to IPDC’s statement.

Plan for “Huge” Facility

Salim disclosed to the delegation that his company “has the desire to build and manage a huge Industrial Park in Ethiopia in cooperation with the IPDC,” read the statement.

The proposed facility is expected to cover a total area of 1,000 hectares of land and includes production facilities, residential apartments, and administrative buildings.

The project and related investment issues were the subjects of previous discussions held virtually between IPDC and Dubai Investment Group.

“Today’s discussion was focused on increasing the existing relationship and to work together on the details of the investment implementation,” the Industrial Park Development Corporation said.

The Dubai Investment Park is one of the largest investments in Dubai and is a huge park that covers 2300 hectares with over 8,000 employees.

IPDC’s officials are making visits and contacts in various countries to gain international experience and practices to make Dire Dawa Free Trade Zone effective and to establish other free trade zones.

In Dubai, Aklilu and his delegation met with officials of an Emirati multinational logistics company DP WORLD on Monday.

The two sides discussed collaboration in the development and management of a free trade zone in the East African nation.

Ethiopia officially opened its first Free Trade Zone in the eastern city of Dire Dawa on August 14, 2022. The inauguration came a day after authorities adopted a Special Economic Zone Policy that envisions the establishment of similar projects across the nation.

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