The first Industrial Parks Development Corporation (IPDC) consultative forum was held with the view to maintaining investment successes and resolve challenges.

Industrial Parks Development Corporation CEO, Aklilu Tadesse said on the occasion that the corporation has been introducing a number of initiatives to maintain investment successes and resolve recurring challenges in industrial parks over the past one year.

‘To name few of our reform initiatives, we have introduced clear selection criteria targeting overseas investment promotion schemes, encouraged local investors, implemented new structure, and initiated digitization of the IPDC work flow.’

According to him, the corporation firmly believes that the reform initiatives alone cannot fulfill its aspiration of creating investor friendly institution.

This called for the initiative of this forum, the CEO said, adding that the forum would take place at least twice in a year.

Aklilu stated that the government has been striving to create favorable busin
ess environment for domestic and foreign investors and unlock the country’s economic potential.

‘Among the notable efforts that the Ethiopian Government has introduced to leapfrog Ethiopia’s industrial basis is establishing industrial parks across the country,’ he noted.

During the past nine years, companies in the parks have managed to earn over 1.2 billion USD from export and substituted 750 million USD import, the CEO said.

Since its inception in 2012, the Industrial Parks Development Corporation has built and administered 13 industrial parks with over 1.6 billion USD investment.
Source: Ethioipian News Agency