Off the wire
UN chief will attend opening ceremony of Winter Olympics in ROK  • Ethiopia rehabilitates 86,000 displaced people by regional conflict  • Roundup: East Africa remains fastest-growing in Africa in coming years: UN report  • German shares close flat Tuesday  • Russia condemns murder of Kosovo Serb politician  • Ghana institutes policies to reduce new HIV infections  • Tanzania vows to invest in water basins management  • UN chief calls for efforts to disentangle mess in Middle East  • Algeria marks 5th anniversary of gas plant terrorist attack  • Spanish shares gain 0.51 pct Tuesday  
You are here:  

Chinese firm to build 220 mln USD textile plant in Ethiopia

Xinhua,January 17, 2018 Adjust font size:

ADDIS ABABA, Jan. 16 (Xinhua) -- A cornerstone laying ceremony was held on Tuesday in Ethiopia's eastern city, Dire Dawa for a textile plant that will be built with an investment of 220 million U.S. dollars.

Dire Dawa mayor's office said Chinese firm Wuxi No. 1 Cotton Mill will build the textile plant which will lie on 40 hectares of land.

The construction of the textile plant will take 30 months and is expected to employ 3,000 Ethiopians once commissioned.

The plant will be located inside Dire Dawa Industrial Park (DDIP) that is currently being constructed by China Civil Engineering Construction Corporation (CCECC).

DDIP, currently being built at a cost of 159 million U.S. dollars on 159 hectares of land, is expected to attract industries specialized in textile, apparel, and agro-processing.

Ethiopian government is financing the construction of the industrial park which is expected to be commissioned later this year.

The textile plant's cornerstone laying ceremony was held in the presence of Liu Yu, economic and commercial counselor at the Chinese embassy in Ethiopia and Ibrahim Usman, mayor of Dire Dawa city administration. Enditem