IPDC has sought to make it easier for local investors to invest in industrial parks.
Two enterprises interested in developing their own production facility at Kilinto Industrial Park have signed a leasing agreement with the corporation.
A property leasing deal was struck by the Industrial Parks Development Corporation (IPDC), Damtit Vet Pharma Trading PLC, and GreenBZ Investment PLC to manufacture Avocado oil, medications, and cosmetics.
Sandokan Debebe, CEO of Industrial Parks Development Corporation, Abraham Tesfaye, General Manager of Green Biz Investment Plc, and Dr. Dagnet Yimenu, General Manager of Dammit Vet Pharma PLC have all signed the deal.
During the signing ceremony, IPDC's CEO, Sandokan debebe, stated that the Kilinto Industrial Park has been built on a 279-hectare plot of land with the necessary infrastructure and in accordance with international standards for the pharmaceutical, biomedical, and other related production purposes.
Sandokan also stated that the firm has engaged in a variety of efforts in order to recruit local and foreign companies to industrial parks to develop a variety of products.
The management of the two firms acknowledged their gratitude for the Corporation's assistance and reaffirmed their commitment to completing construction in a timely manner.
The two firms, who have signed an agreement with the company, will spend 380 million birr in the building of Kilinto Industrial Park, which is projected to assist Ethiopia's economy and society by creating jobs and increasing export revenues.