Chinese companies to develop new industrial park in Ethiopia

ADDIS ABABA, Aug. 11 (Xinhua) -- The Ethiopian Investment Commission (EIC) on Wednesday signed an agreement with China's WODA Metal Industry Private Limited Company (PLC) and its partners to build an industrial park in Ethiopia.

The agreement involves the upgrading of the WODA Metal Industry PLC into WODA Industrial Park with an outlay of 95 million U.S. dollars at Sebeta town on the outskirts of the Ethiopian capital Addis Ababa.