On an event organized yesterday to officially launch Park’s operation, Prime Minister Hailemariam Dessalegne said “the Grand Production inauguration of the Park is a demonstration of the government’s commitment to deliver its promise to bring about structural transformation in the economy”.

He also added “The Premier said the Park has currently created job opportunity for 10,000 employees. When it becomes fully operational, it would create job for nearly 60 thousands of Ethiopians”.

It was also indicated that targeted investment recruitment has been carefully conducted-resulting in the attraction of over 18 global leading textile and apparel companies. Of the total, eight companies have already begun exporting their product to foreign market.

Furthermore, eight local investors have been meticulously selected and necessary preparations are finalized to facilitate their investment in the Park.

The Park has planned to generate one billion USD per annum. This vision, is expected to be realized in two years time.

The majority of companies in HIP are currently operational and some have already begun exporting. At full capacity, the park is expected to generate export earnings of 1 billion USD.

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