CHINESE COMPANIES TO BUILD INDUSTRIAL ZONE IN ETHIOPIA

ADDIS ABABA, May 07 — Ethiopia’s Ministry of Industry and four Chinese companies have signed a Memorandum of Understanding (MoU) to build an industrial zone in Dire Dawa, the country’s second largest city, about 430 kilometres east of here.

The industrial zone would be the biggest of its kind in Africa, according to Chinese Ambassador in Ethiopia Xie Xiaoyan.

The companies which signed the MoU to engage in developing the zone and to build various industries there are China Railway Group Limited, China Communication Construction Company, China Civil Engineering Construction Company, and CCG Overseas Construction.

Speaking at the signing ceremony here Tuesday, Ethiopian Ambassador to China Seyoum Mesifn said the agreement was a landmark achievement for co-operation between the two countries and reflected he special attention being given to Ethiopia’s industrial transformation.

The ambassador also voiced appreciation for China’s commitment to engage in various industrial zones in Ethiopia.

Xie meanwhile said the agreement was a reflection of the two nations’ commitment to development and this is the first economic tie in Africa and many more steps to follow.

After the signing of the MoU, State Minister of Industry Sisay Gemechu said the agreement was based on an earlier one reached by the two prime ministers following their discussion here this week.

SOURCE: ENA

Leave a Reply