IPDC wins FEMOZA award
INDUSTRIAL PARKS DEVELOPMENT CORPORATION (IPDC) has won the prestigious FEMOZA award by FEMOZA - The World Free & Special Economic Zones Federation.
The Board of FEMOZA in a recent message sent to IPDC confirmed the selection of the IPDC for the FEMOZA Award during the FEMOZA Awards ceremony scheduled on November 14, 2019.
The award will be handed over in the SU-Meet in Monaco, a sovereign city-state on the French Riviera in Western Europe during November 13-15, 2019.
“On behalf of the Board of FEMOZA, we have the honor and pleasure of confirming that IPDC has been selected to receive a FEMOZA Award during the FEMOZA Awards ceremony scheduled on November 14, 2019,” the statement issued from FEMOZA read.
The Board of the Geneva-based non-profit non-governmental organization working to further free zones around the world to them develop, especially, in emerging nations and countries in transition, earlier nominated IPDC for the award.
FEMOZA’s functions involve offering experience, issuing norms, rules and processes, training professionals and assisting with technical, legal and economic support for free zones around the world, helping them set up, develop and grow.
It ensures free zones such as export processing zones (EPZ), Industrial Parks, services, tourism, logistics, freeport, bonded warehouse through sharing experiences as well as information and technology.
Studying the changes in international law which may affect or restrict free zone facilities and operational advantages, FEMOZA held protect free zones so that they keep revitalizing the economy.
The organization has selected IPDC for the award as Ethiopia Industrial park development corporation is a winning combination with its competitors in Eco-friendly Industrial park, business-friendly environment and cost structure that can give the investors best returns for its industrious, selecting strategic location, regional connectivity, and worldwide access, IPDC is committed to boosting industrial parks through the highest standards of professionalism; to drive industrialization, promote exports, and create employment opportunities so as to contribute to the country’s overall development goal of the middle-income status. In realizing the mission and vision IPDC adheres to the highest level of integrity, professionalism, the natural and physical environment and the use of efficient and effective resources and client/customer satisfaction. IPDC is rapidly growing, it developed 12 industrial parks in which 7 of them are operational and generated more than 252 Million USD exports, more than 55,000 direct jobs. It’s able to contribute to the macro-economic value of Ethiopia within 5 years of establishment. IPDC follows the principle of eco-friendly development such as a zero liquid discharge system.