Eastern Industry Zone is₹×‍ the only overseas economic & trade coope♦ε₹♦rative zone in Ethiopia at national level. £≤Since its commencement, East✔★> ern Industry Zone has been attached great importa ☆¶nce by both China and Ethiopia Governments a↑§ ​nd received continuous guidanc€↑♥e and support with enthusiasm and devotion ←• from governments at different levels. Wit±±&∏h support and guidance from&nb$ ♦ sp;the government from both countries at differ™•ent levels, the construction of the<< Eastern Industry Zone has bee•γ±n under smooth progress and the prospects only ✘$tend to be increasingl$✔&y brighter for its developmε≈¶ent. Since its inaugurationασ♦, the Eastern Industry Zoneק has been under the guidelines that ‌∑¶ Government instructs; Legally managed; Mσαarket-oriented; Modern Corporate operation, exert∞×ing necessary efforts to strike the perγ↔fect balance between efficient♣α₩< construction and investment promotion, between ∏↓λ•bettering hardware platform and so÷✘ftware environment; between imaσ•γge building and satisfying performance.

The planned area for Ea←'stern Industry Zone is 500 hectaresα♦ and the title deed c ∏εovering the area of 400 hectares hasπ₽ been issued from the locaπ∏l land administration. Curr↑ ently the Phase 1 (233 hectares), out of↓'§ the total 500-hectare planned a♠↓πrea for our overall project, has already bee$≤n operational, with serviced land subleased to←← investors and 22 pre-erec✘∞♠βted sheds covering built up area of 3←φ00,000sqm rented-out to different industrial man✔σufacturers. Injected with the investment capitalσ÷>★ of USD 200 million, the infrastructure constru↕↓ction of Eastern Indust¥↕©βry Zone has been completed in the♦↓®α aspects of road, electricity,↔♠ water supply & drainage and tπβelecommunication. We have put into place faciliti☆<¶es such as a sewage treatment pla₽<↕↕nt with 13,000 tons  ±daily processing capacity✘♦✘, a 252 MW substation, the daily™  10,000 tons of water supply system, plan≤↕tation landscaping area of 35,000 sm2, thre₽φe residential & dormitory b↓∏π€uildings covering 18,500 sm2 a<<αnd one comprehensive cafeteri©÷©αa covering 3024 sm2.

Up to today, 83manufacturers have mov'☆$ed inside and over 10,000 job opportunitiesα$★ have been created to local employees. 45out of →☆‍φ83 enterprises have gone into productio∏Ωn with the agreed inv£¥estment amount standing at USD 900 milli≤σ on. For the time being, the actua±♦€≥l investment volume of the 83 manufacturers ÷↓✘•has reached USD 400 mil→↕lion with the aggregaε<™te output amounting to USD 900 mi≤Ωllion and taxatio β"n of USD 75million paid to Inland Revenue author∑÷ity. The investors accommodated within t≤&he compound are mainly engag÷'•ed in cement, footwear, automobile ass↔‍<γembly, steel rolling, textile & gar♣δλ™ment, etc.

Enterprises within Eastern Industry Zo§ &∑ne will enjoy corporaα↑←te income tax holiday as much as 5 to 1≈•0 years.

Eastern Industry Zone a∑"​nd inside enterprises can retain 30%•π≈≈ foreign currency as ♥≈reserve, 10% higher than enterprises.

Eastern Industry Zone has been≤←Ω approved with port o✘<εf destination concerning marine and inland tran"↑sportation.

Both the developer and insiλφ£de investors shall be enti★>tled with one-stop ser×≤'♦vice privilege.

The tapping incoming bay from 230/132kv Hφ‌T line has ensured the uninterrupted po∑¶'♦wer supply.

The telecommunicatio↑λ®n tower and MSG box have ∑±§ been erected within ou​←÷r compound so that either broadband←✔σ> or fixed line service is available t★ o be realized to each end user​☆↑δ.

Over the years, the Eastern Industry₽₽ Zone has grown into the flag‍βσ±ship project for its home province and eve<‍<n for China, which has pro>​≠vided the essential pla♦★±✔tform for Chinese to go into Africa and the ca★♦↑πrries to take in the industry t♦ •>ransfer from China. During$¶ the past 10 years, φ←✔leaders from both countries have visited the Eas↔γtern Industry Zone: Hailemariam Desalegn, Prim‍‍αe Minister of Ethiopi♥₽♥a; Mulatu Teshome, President of Etσλ♠ hiopia; Li Keqiang, Premier π<of China, Li Yuanchao, Vice Presid ¶♠φent of China; Wang Yang, Vice Pφ&remier of China; Liu Yandong, Vice Premier of C ​γhina; Zhao Hongzhu, member of the÷‍ Secretariat of"π'Ω the CPC Central&nbsπ✘p;Committee, etc., all of whom ↔≤↑have expressed their words §™of praise for the progress Ea↓ק₽stern Industry Zone h∏∑"≈as made and instructed &→£₽corresponding govern$←ment bodies to give as much as support t•×₩o the Industry Zone.

Eastern Industry Zone is the only overseas econom&↔‌ic & trade cooperative zone in Ethiopia at n₽≥ational level. Since its c₹>✘εommencement, Eastern Industry Zone has₩​λ↔ been attached great importance by both China φ>and Ethiopia Governmβ '​ents and received continuous guidance andε♣ support with enthusiasm and devotion from govern₹ ¶ments at different levels. With support '™≠and guidance from the government f₽φrom both countries atλ•←← different levels, the ¶→construction of the Eastern ₽ Industry Zone has been under smoo ¥‍☆th progress and the prospects only tend to £ be increasingly brighte©σr for its development. S₩☆₩ince its inauguration, the Eastern Industry Zo​≠ne has been under the guidelines th¶✔αat Government instructs; L★<​¥egally managed; Market-oriented; Moder​‌n Corporate operation, exerting necessary ef"<×forts to strike the perfect balance b≠≤etween efficient constructioπ n and investment promotion, be≤® ÷tween bettering hardware platform and so®"'↓ftware environment; between image buil©✔ding and satisfying performance.

The planned area for East'®™★ern Industry Zone is 500 hectares and the tiπ★tle deed covering the area of 400↓∏∞∏ hectares has been issued from the ‌γ local land administration. Curren∑£↕×tly the Phase 1 (233 hectares), out of the total φ$♥500-hectare planned area for our overa©¶γ™ll project, has already beα♦₹∑en operational, with servic÷÷≤'ed land subleased to iλ™≈δnvestors and 22 pre-erected γ±÷sheds covering built up area of 300,000sqm r♥∏≠$ented-out to different industrial manufacturer₩Ω₽s. Injected with the investme< >nt capital of USD 200 m£ ♥illion, the infrastructure construδ∏ction of Eastern Industry‍€✔ Zone has been completed iλ£✔n the aspects of road, elec♥δ↕tricity, water supply & drainage ™ ↔₩and telecommunication. We hav​αe put into place facilit₹ ies such as a sewage treatment pla× &nt with 13,000 tons daily pr∏§≥↑ocessing capacity, a©¶♦ 252 MW substation, the daily 10,000 to∏↕ns of water supply system, plantation ¥"'•landscaping area of 35,000 sm2, three residen<↑αtial & dormitory ∏✔buildings covering 18,500 sm2 •♥÷Ωand one comprehensiv∏←↓✘e cafeteria covering 3024 ​"&∏sm2.

Up to today, 83manufacturers have mov&₹§ed inside and over 10,000 job opportunities ±∞≤have been created to local employees. 45out &♠ of 83 enterprises have gone into producוtion with the agre→§δ÷ed investment amount s↑×tanding at USD 900 million. For the tα÷$ime being, the actua≈₽>l investment volume of t₽×he 83 manufacturers has reach&↑♠♦ed USD 400 million with the ←φaggregate output amounting to USD ♣£​☆900 million and taxation of USD 75miπ♥λllion paid to Inland Revenue authority. The inve™αstors accommodated within the compound are mainl¶ε₽<y engaged in cement, f¶σ♦ootwear, automobile assembly, ste¥↑•↔el rolling, textile & garment, etc.

Enterprises within Eastern Industry Zone will÷>♦  enjoy corporate income tax holida→ y as much as 5 to 10 years.

1.Eastern Industry Zone and inside ente↓✘♠rprises can retain 3®$0% foreign currency as re₹×π≥serve, 10% higher than enter♠•¶prises.

2.Eastern Industry Zone​™ ★ has been approved with port of destination co‍®₩Ωncerning marine and inland transportation.

3.Both the developer and inside inv¥∑Ωestors shall be entitled with "£εone-stop service priv< ×ilege.

4.The tapping incomin×"↑g bay from 230/132kv HT line has ens₹εαured the uninterru >pted power supply.

5.The telecommunication tower an÷‌'d MSG box have been erected within our compound'σ↓γ so that either broadband or fixed line se ≤rvice is available to be r₽♠ βealized to each end user.

Over the years, the Eastern Industry Zone h♣"♣as grown into the flagship project for its  ‍home province and even for China, which has pr↕↑ovided the essential p☆₹>latform for Chinese to g→₽o into Africa and the carries to take in the in•• ≠dustry transfer from China. Duri π£÷ng the past 10 years, leaders from both c¥<ountries have visited the Eastern Industry Zone: ♠∏Hailemariam Desalegn, Prime Min±≥∑₽ister of Ethiopia; Mulatu Teshome, Pres>✘©±ident of Ethiopia; Li Keqiangו✘, Premier of China, Li Yuanchao, Vice Presi↓σ÷dent of China; Wang Yang, Vice Premier$¶₹ of China; Liu Yandong, Vice Prem£'>ier of China; Zhao Hongzhu, me>>mber of the Secretariat&n←φφbsp;of the CPC Central Co£β♠§mmittee, etc., all of whom ha•™ ∞ve expressed their words of ★ ☆ praise for the progress Eastern  ¶Industry Zone has made and instructed co>"‌¥rresponding government bodies to ¶ασ give as much as suppor​π₹<t to the Industry Zon₽ ✘≠e.