The Hong Kong-based Hop Lun have signed a memorandum of understanding (MoU) with the Ethiopia Industrial Parks Development Corporation (IPDC) to take over the entire factory sheds at Bahir Dar industrial park.
Chief Executive Officer of the Corporation, Lelise Neme, and head of the Amhara regional state Industry and Investment bureau with the rank of Deputy Chief Administrator, Melaku Alebel, oversaw the signing of the MoU in Bahir Dar.
Melaku on the occasion said that the industrial park, which rested on 75 hectares of land, is currently 93 percent complete. It will be readied for service within a month. The industrial park has 8 sheds for textile production and the company starts by training employees and move into production.
Lelise for her part said that the Bahir Dar industrial park is one of the seven parks that will enter into production soon.
Mr. Yihenew Alem Promotion and Public Relations Director noted that the industrial park is equipped with all the necessary infrastructural facilities.
The company is expected to create jobs for 6,000 people at its first phase and when it’s fully operational the company is expected to create over 10,000 jobs. It is also indicated that Bahir Dar city administration has expressed its plan to provide additional 2,000 hectares of land for the expansion of Bahir Dar Industrial Park.
Source: New Business Africa and Fana Broadcasting Corporate