El Sewedy has requested two million sqm of land from
a ready and willing Ministry of Trade and Industry
to establish an industrial zone according to Girma
El Sewedy says that it wants to provide space for up
to 120 factories in various sectors including
pharmaceuticals, cables, transformers and agro
processing. The company expects to spend 300 million
dollars in the first phase of development for the
industrial zone, according to Ibrahim Qamar, general
manager of El Sewedy Cables.
“The financing will be provided by Egyptian
companies,” he said.
detailed plan of the project will be handed to the
ministry in two weeks’ time, he added.
The government wants industrial zones to be located
away from Addis Abeba, said Girma Birru, minister of
Trade and Industry. Potential industrial zone sites
have been prepared in Dire Dawa as well as in
Kombolcha, in the Amhara Regional State.
“Our interest is for them to invest in the places we
have prepared. If they do not like those sites, then
we will talk,” Girma said.
El Sewedy is the first African company to show an
interest in opening an industrial zone in Ethiopia.
But China, India and Turkey already have such zones
in the country. Companies from these countries have
already started developing their respective zones.
The China Investment Group has its zone in Dukem,
37kms east of Addis Abeba in the Oromia Regional
State. The group has allocated a 6.7 billion Br
budget for the civil work required to prepare the
zone for 80 factories.
The Ethio-Turkish Industrial Zone in Legetafo in the
Oromia Special Zone has a budget of 10 billion
dollars, according to Minister Girma. The ministry
expects to receive a detailed study about this
project within two months’ time. The Indian IAFKS is
also to receive 300hct in Kombolcha, according to a
senior official of the town administration who
requested not to be named.
There are already two industrial zones around Addis
Abeba which have been prepared by the government and
given to various investors.