Sidama Industrial Parks Development Corporation Generates USD 338 Thousand in Revenues

Sidama Industrial Parks Development Corporation (SIPDC) achieved positive results despite operational difficulties. Over a six-month period, the corporation reported exceeding USD 338,000 in revenue from exports of avocado oil and processed milk products.

Petros Markos, Director of Business Development and Communication emphasized the contributions of three key companies operating in both domestic and foreign markets. Looking towards the future, there is growing interest from both local and international investors to participate in activities within the park. The Director revealed successful agreements with 28 local projects already signed, and highlighted the creation of both permanent and temporary jobs.

The Corporation controls Yirgalem Integrated Agro-Industrial Park (Yirgalem IAIP) which is located about 40km south of Hwassa (315km south of Addis Ababa) in south-central Sidama Region. The park, which sits on 294.5 hectares, focuses on processing organic products of dairy, avocado and coffee for the export markets.

SIPDC also manages the 3 Rural Transformation Centers (RTCs) which are situated within a 100-kilometer radius of the park at Bensa Daye, Aletawondo and Morocho. These RTCs serve as a linkage to Yirgalem IAIP in terms of raw material supply.

Source: Ethio FM 107.8 and Integrated Agro Industrial Parks Website

Image source: Integrated Agro Industrial Parks Website