Textile Firm Lands Lease Contract to Invest in Bahir Dar IP

BAHIR DAR – Industrial Parks Development Corporation has signed a lease contract with Anbessa Elite Tactical Textile Industry to invest in Bahir Dar Industrial Park. 

The contract to lease a manufacturing shade inside the industrial park was signed between the CEO of the Corporation, Aklilu Tadese, and Anbesa’s owner and manager, Leo Isaias, on Monday.

Anbassa Elite Tactical Textile industry will initially invest more than 3 million US dollars to install its plant in the Park.

The investment will create job opportunities for more than 1000 citizens, as per the IPDC.

The two concluded the agreement in Bahir Dar during the IPDC’s CEO  Aklilu and Ethiopian Investment Commission Commissioner Lelise Neme visit to the city on Monday.

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