KEYIR NEWS - The Industrial Parks Development Corporation (IPDC) announced that it generated USD 124 million in export earnings during the 2017 Ethiopian fiscal year, while creating 49,955 jobs across its industrial parks.
The state-owned enterprise also revealed that it attracted USD 22 million in foreign direct investment (FDI) and achieved 88% utilization of its factory sheds, reflecting growing investor confidence in Ethiopia’s industrialization agenda.
Established in 2014, the IPDC manages 11 special economic zones and two industrial parks located along strategic development corridors. These facilities offer serviced land, pre-built factory sheds, and internationally certified infrastructure designed to accommodate both domestic and foreign investors.
The Corporation further highlighted that its parks facilitated market linkages worth ETB 14 billion and supported import substitution valued at ETB 18.58 billion, reducing Ethiopia’s dependence on foreign goods.
Revenue also surged by 92% compared to the previous year, underscoring the parks’ rising contribution to the country’s manufacturing and export ambitions.
Officials say the results demonstrate the growing competitiveness of Ethiopia’s industrial parks in attracting global manufacturers and fostering export-led growth. The sector is increasingly viewed as a critical pillar of Ethiopia’s long-term economic transformation.