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Policies need to be revisited and revised to move industrial parks to sustainable development - for Lyceum

Addis Ababa, November 15, 2015 (FBC) The Commissioner of the Investment Commission told Lise Neme that it is important to review policies and revise policy directions to move industrial parks to further development.

The Ethiopian Investment Commission is holding a discussion forum with stakeholders on the special economic zone bill.

Commissioner Le Lise Neme, who spoke at the forum, mentioned that in the past years, the government has been able to establish an industrial policy system by taking various measures to make Ethiopia the industrial center of Africa.

He pointed out that the experience of the industrial park in Ethiopia is of limited age - he pointed out that the sector is playing a big role in the efforts to move the manufacturing industry sector of the country to the next phase.

In particular, the narrowing of the framework of industrial parks and focusing only on limited sectors has not brought the desired results, he said.

Therefore, he explained that it is important to review policies and revise policy directions to move industrial parks to further development.

He said that the draft law will not only fill the gaps in practice, but also increase investment participation in various sectors and ensure that Ethiopia gets the appropriate benefits in the sectors where it is competitive.

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