Ethiopia to Construct an Industrial Park worth $ 1.2 BN This YearEthiopia is set to construct an industrial park in the course of 2018. The park is to be constructed by one of the top three private conglomerates in Turkey, Turkish Holding AS. It will mostly engage in ceramic production, steel manufacturing, and pulp products.
The new development of the industrial park will connect with the construction investment projects of Ethiopia, which accounted for 12.3% of foreign direct investments (FDI) in the past fiscal year. The total trade transactions between Turkey and Ethiopia reached US $420m in 2015; this is according to the Foreign Economic Relations Board of Turkey.
Ethiopia’s construction sectorAccording to recent reports, Ethiopia’s construction sector accounts for half of the industry’s share in the gross domestic product (GDP), additionally, over 10% of loans went to housing and construction in the past fiscal year.
• 9th Addisbuild: Int’l Construction, Steel, Construction Machineries & Infrastructure Exhibition
…to be organized on 10-13 October 2018 and become part of this rising trend of Ethiopian construction industry.
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Source: Construction Review Online
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