Prime Minister Abiy Ahmed inaugurates Bahir Dar Industrial Park built at 75 ha of land comprising eight factory sheds.
The inauguration ceremony has been attended by First Lady Zinash Tayachew and high government officials including Minister of Foreign Affaris, Gedu Andargachew, among others.
All the sheds are fully occupied and will go operational soon, the Prime Minister said.
“Enhancing the manufacturing sector is one of the key pillars of our Home Grown Economic Reform unveiled in 2019.” the premier stressed, adding “Hence the expansion of such parks will facilitate our industrial development goals together with the enabling environment we are working to create for investments.”
The industrial park can serve as a recreational and research site for students and academics in the area in addition to its significance as a job creation hub.
Prime Minister Abiy said the Country has completed the construction of all thirteen industrial parks which were under construction across the nation.
The premier underlined that the industrial parks will be integrated with agroprocessing in a view to modernize the agricultural sector.
Bahir Dar Industrial park has finalized screening works to create jobs for more than 4,000 individuals, and will engage 10,000 more manpower when it goes fully operational in two shifts.
And, it is expected to double job opportunities when the second phase of its working sheds is completed.
People who are displaced from the area due to the development of the park are given priority in the job opportunities.