Ethiopia secures 100 mln USD investment across industrial parks

ADDIS ABABA, Jan. 12 (Xinhua) -- The Ethiopian Industrial Parks Development Corporation (IPDC) has signed a combined 100 million U.S. dollars investment agreements with local and foreign companies to invest across industrial parks in the country.

The agreement, which was signed between the IPDC and 11 local and foreign investors on Thursday, envisaged investments across five industrial parks in garment and textiles, agro-processing, pharmaceuticals, and plastic recycling, among other sectors, state-run Ethiopian News Agency (ENA) reported.