Commission ink agreement with Woda Metals Industry PLC

Following Ethiopian Investment Board’s (EIB) decision, the Ethiopian Investment Commission (EIC) signed an agreement with Woda Industrial Park to upgrade Woda Metals Industry PLC to an industrial park level in presence of Embassy of China, JETRO and government officials.

Expanding from and existing 18.9 hectares of operational factory, the park will have 100 hectares of land located at Oromia region, Sebeta town. With approximately $95 million, Woda Industrial Park will host manufacturers to engage in production of Metal and Engineering, Cables manufacturing, Automotive and Tire industries.

Employing eco-industrial park principles, manufacturers inside the park will engage in highly import substituting and hard currency generating products. The park will facilitate knowledge and technology transfer by creating more than 17,500 job opportunities.