Hawassa Industrial Park secured USD 32 million from goods exported to the international market within the past three months.

The park which is located 275 kilometers south of Addis Ababa was inaugurated in 2016 as the first industrial park of the country. It started operation the same year with 52 factory sheds which were rented out mostly to foreign companies.

Industrial park companies generated USD 357 million from the sale of goods and created jobs for 57,000 citizens during the 2021/2022 fiscal year. They were able to export goods worth USD 196 million while supplying goods to the local market substituting import products which amounted to USD 161 million.

Source: Fana BC, Ethiopian News Agency, Industrial Parks Development Corporation (IPDC)

Image source: IPDC