Huajian Group, a Chinese shoe manufacturer based in Ethiopia is set to invest US $ 2.2 billion on an industrial zone of its own, located around Lebu area in the South Western outskirts of Addis Ababa. The company has applied to the Ministry of Industry and secured a license in addition to acquiring a plot for the construction of an industrial zone of its own which is expected to commence next year, suggest media reports. The zone is expected to house approximately 45 textile and garment, leather and leather products, chemical and pharmaceuticals, agro-processing and metal engineering factories. By the time all 45 become fully operational, generating an employment for 30,000 people and exports revenue valued at US $ 250 million.
Also Read: PFAFF launches new shoe postbed series
Convinced by the commitment and the industrial strategy of the government, the World Bank Group provided US $ 250 million recently for the expansion of the Bole/Lemi Industry Zone which is being developed by the ministry. The government further envisages expanding industrial and economic zones to Kombolcha and Dire Dawa of the Amhara Regional State and Dire Dawa City Council, respectively.
