HomeBusiness50 Turkish Textile Companies to Relocate to Ethiopia

50 Turkish Textile Companies to Relocate to Ethiopia


50 Turkish Textile Companies to Relocate to Ethiopia
Ethiopia is rapidly becoming an African manufacturing center

AFRICANGLOBE – Following the proposal by Ayka Addis, the Turkish garment firm, to establish a Industrial Zone and bring a total of 50 Turkish textile companies to Ethiopia, the government is currently allocating land for the zone.

The construction, to be overseen by Ayka Addis, will involve several five-storey buildings will be rent out or sold to the new comers. Construction will be carried out in three phases.

Ato Tadesse Haile, State Minister of Trade, says one plot has already been allocated. He described the plans as “a big plus for the industry and will significantly contribute to the government’s plan to double the export revenue in the coming budget year”.

The general manager of Ayka Addis, Mr. Turkoglu, said that the company had been a Turkish and an international garment firm for more than 25 years and it was in close contact with all the major garment manufacturers in Turkey. He said it had been in discussions with them for most of the last two years and “most are willing to relocate at the earliest possible moment.”

The relocation of the companies is expected to allow for the creation of two billion dollars in export revenue per annum and create more than 60,000 job opportunities. Ayka inaugurated its factory at a cost of $140 million at Alemgena, 20km west of Addis Ababa, in 2010, creating jobs for more than 10,000 people. It has the capacity to export textile products worth $100 million a year per annum.

The Ethiopian Textile Industry Development Institute says other textile companies are preparing to go into production, including MNS Textile Company, which has built a factory in Legetafo, 15km northeast of Addis Ababa with a one billion birr investment. S.V.P is another textile company engaged in building a factory in Ethiopia.

- Advertisment -

Trending Articles