The final steps of preparation for the second phase of the Adama Industrial Park, a project valued at $300 million, are nearly complete, according to Girma Tufu, the park’s Deputy Director, in an interview with state media.
This new phase, set to begin later this year, will cover an additional 120 hectares of land. Girma highlighted that the project has secured formal agreements with Chinese investors from Hunan Province to commence construction.
“A total investment of $300 million is anticipated for this phase,” the deputy director confirmed.
However, Girma noted that one critical step remains before construction can begin: the finalization of land boundary negotiations with the local government. He expressed optimism that once these issues are resolved, the second phase will move forward, creating over 25,000 jobs.
The Adama Industrial Park, which was inaugurated in 2018, is located in Adama, a city 74 kilometers from the capital Addis Ababa. The first phase of the park, spanning 120 hectares, houses 19 industrial sheds that focus on producing clothing, machinery, and other goods primarily for export markets.
According to Girma, all sheds in the first phase are currently fully occupied by investors. “Out of 13 investors, 11 are already engaged in production,” he added
