Already operational, Bole Lemi is Ethiopia’s first industrial park developed by IPDC. An Export Processing Zone, it will be upon completion a “green” park, with more than 30 hectares of green areas being currently developed. Bole Lemi Phase 1 (156 hectares) has started operations in 2014, with all pre-erected factories already rented-out to more than 12 different corporations. Bole Lemi Phase 2 (186 hectares) is currently being developed in collaboration with the World Bank Group, and should include both serviced land (from beginning of 2016) and pre-erected factory sheds (from 4th quarter of 2016). In the future, a residential and recreational area adjacent to the site will also be developed.