Investing In China’s Green Industries

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Huajian Industrial Holding Company Limited plans to invest in the building of an international light industry city in Ethiopia’s capital Addis Ababa.

Speaking to Xinhua on Friday, Zeng Lizhuo, Communication Manager at the Ethiopia division of Huajian, says the international light Industry city will be built on 138 hectares of land and employ up to 50,000 people when completed by 2020.

The Huajian International Light Industry City is already partially operational with 15 hectares of the planned 138 hectares developed so far.

Huajian already has another plant producing shoes in Dukem city, 37 km south of Addis Ababa, commissioned in January 2012. The plant, which employs 4,000 Ethiopians, exports shoes primarily to the United States and European markets.

Based in Dongguan city, Guandong province, China, Huajian has currently three major production bases– two in China and one in Ethiopia, employing 15,000 people with an annual output of 20 million pairs of shoes.

Arkebe Oqubay, Ethiopian Industrial Park Development Corporation (IPDCC) board chairperson, says Ethiopia wooed firms like Huajian with a view to benefit from export revenues and employment opportunities.

He was speaking on July 7 while attending the Inauguration of Kombolcha Industrial Park 375 km north of Addis Ababa.

“With China rebalancing its economy, its firms are eyeing Ethiopia’s young labor force of 45 million, while also being attracted by the relative affordability of wage in Ethiopia,” says Oqubay.

“We have plans to see Ethiopian annual manufacturing growth stand at 25 percent in 10 years time, increasing its manufacturing share in exports to 50 percent and firms like Huajian are a key part of it,” says Oqubay.

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Source: Xinhua/Newsghana.com.gh

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Source : https://www.newsghana.com.gh/chinese-firm-plans-to-invest-in-ethiopias-light-industry-sector/

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