Africa-Press – Ethiopia. Arerti Industrial Park has earned more than 1 billion Birr from import substituted products in the last eight months, Industrial Parks Development Cooperation (IPDC) announced.
Arerti Industrial Park, which is one of the investment centers managed by IPDC, has secured the income by offering various products produced by the park to the domestic market in eight months of the 2023/24 Ethiopian fiscal year, it was indicated.
Zemen Junedin IPDC’s Investment Promotion and Marketing division Deputy CEO said that more than 19.4 million USD have been saved in the production of various import substituting products at the industrial park.
Zemen also pointed out that more than 12.5 million US dollars market linkages have been created over the last eight months through providing resources and raw materials to manufacturers from the surrounding area.
In addition to the market linkage and import substitution, more than 830 new jobs have been created for citizens, and now more than 1500 citizens have job opportunities in the park.
Currently, there are three investors who have invested in Arerti Industrial Park and are engaged in the production process of garments and textiles as well as ceramics and wood products.
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