Ethiopia will inaugurate two industrial parks built by Chinese firms next month, according to Xinhua news agency.
The news agency cited Industrial Parks Development Corporation as saying that Mekelle Industrial Park and the Kombolcha Industrial Park, located 783 kilometers and 252 km north of Addis Ababa, respectively, are both dedicated to the textile and apparel and have a combined construction cost of USD 250 million.
Ethiopia has ambitions to be a textile and apparel manufacturing hub in Africa earning the country USD 1 billion by 2020 and providing ample employment opportunity for its estimated 45 million workforce, it added.
"There are about 10 ongoing or completed industrial park projects with plans to inaugurate four other industrial parks by the end of 2017," CEO of the Corporation Sisay Gemechu told Xinhua.
Mekelle Industrial Park and Kombolcha Industrial Park are being built by China Communications Construction Company and China Civil Engineering Construction Corporation respectively.