Eastern Industry Zone is the only overseas economic & trade cooperative zone in Ethiopia at national level. Since its commencement, Eastern Industry Zone has been attached great importance by both China and Ethiopia Governments and received continuous guidance and support with enthusiasm and devotion from governments at different levels. With support and guidance from the government from both countries at different levels, the construction of the Eastern Industry Zone has been under smooth progress and the prospects only tend to be increasingly brighter for its development. Since its inauguration, the Eastern Industry Zone has been under the guidelines that Government instructs; Legally managed; Market-oriented; Modern Corporate operation, exerting necessary efforts to strike the perfect balance between efficient construction and investment promotion, between bettering hardware platform and software environment; between image building and satisfying performance.

The planned area for Eastern Industry Zone is 500 hectares and the title deed covering the area of 400 hectares has been issued from the local land administration. Currently the Phase 1 (233 hectares), out of the total 500-hectare planned area for our overall project, has already been operational, with serviced land subleased to investors and 22 pre-erected sheds covering built up area of 300,000sqm rented-out to different industrial manufacturers. Injected with the investment capital of USD 200 million, the infrastructure construction of Eastern Industry Zone has been completed in the aspects of road, electricity, water supply & drainage and telecommunication. We have put into place facilities such as a sewage treatment plant with 13,000 tons daily processing capacity, a 252 MW substation, the daily 10,000 tons of water supply system, plantation landscaping area of 35,000 sm2, three residential & dormitory buildings covering 18,500 sm2 and one comprehensive cafeteria covering 3024 sm2.

Up to today, 83manufacturers have moved inside and over 10,000 job opportunities have been created to local employees. 45out of 83 enterprises have gone into production with the agreed investment amount standing at USD 900 million. For the time being, the actual investment volume of the 83 manufacturers has reached USD 400 million with the aggregate output amounting to USD 900 million and taxation of USD 75million paid to Inland Revenue authority. The investors accommodated within the compound are mainly engaged in cement, footwear, automobile assembly, steel rolling, textile & garment, etc.

Enterprises within Eastern Industry Zone will enjoy corporate income tax holiday as much as 5 to 10 years.

Eastern Industry Zone and inside enterprises can retain 30% foreign currency as reserve, 10% higher than enterprises.

Eastern Industry Zone has been approved with port of destination concerning marine and inland transportation.

Both the developer and inside investors shall be entitled with one-stop service privilege.

The tapping incoming bay from 230/132kv HT line has ensured the uninterrupted power supply.

The telecommunication tower and MSG box have been erected within our compound so that either broadband or fixed line service is available to be realized to each end user.

Over the years, the Eastern Industry Zone has grown into the flagship project for its home province and even for China, which has provided the essential platform for Chinese to go into Africa and the carries to take in the industry transfer from China. During the past 10 years, leaders from both countries have visited the Eastern Industry Zone: Hailemariam Desalegn, Prime Minister of Ethiopia; Mulatu Teshome, President of Ethiopia; Li Keqiang, Premier of China, Li Yuanchao, Vice President of China; Wang Yang, Vice Premier of China; Liu Yandong, Vice Premier of China; Zhao Hongzhu, member of the Secretariat of the CPC Central Committee, etc., all of whom have expressed their words of praise for the progress Eastern Industry Zone has made and instructed corresponding government bodies to give as much as support to the Industry Zone.

Eastern Industry Zone is the only overseas economic & trade cooperative zone in Ethiopia at national level. Since its commencement, Eastern Industry Zone has been attached great importance by both China and Ethiopia Governments and received continuous guidance and support with enthusiasm and devotion from governments at different levels. With support and guidance from the government from both countries at different levels, the construction of the Eastern Industry Zone has been under smooth progress and the prospects only tend to be increasingly brighter for its development. Since its inauguration, the Eastern Industry Zone has been under the guidelines that Government instructs; Legally managed; Market-oriented; Modern Corporate operation, exerting necessary efforts to strike the perfect balance between efficient construction and investment promotion, between bettering hardware platform and software environment; between image building and satisfying performance.

The planned area for Eastern Industry Zone is 500 hectares and the title deed covering the area of 400 hectares has been issued from the local land administration. Currently the Phase 1 (233 hectares), out of the total 500-hectare planned area for our overall project, has already been operational, with serviced land subleased to investors and 22 pre-erected sheds covering built up area of 300,000sqm rented-out to different industrial manufacturers. Injected with the investment capital of USD 200 million, the infrastructure construction of Eastern Industry Zone has been completed in the aspects of road, electricity, water supply & drainage and telecommunication. We have put into place facilities such as a sewage treatment plant with 13,000 tons daily processing capacity, a 252 MW substation, the daily 10,000 tons of water supply system, plantation landscaping area of 35,000 sm2, three residential & dormitory buildings covering 18,500 sm2 and one comprehensive cafeteria covering 3024 sm2.

Up to today, 83manufacturers have moved inside and over 10,000 job opportunities have been created to local employees. 45out of 83 enterprises have gone into production with the agreed investment amount standing at USD 900 million. For the time being, the actual investment volume of the 83 manufacturers has reached USD 400 million with the aggregate output amounting to USD 900 million and taxation of USD 75million paid to Inland Revenue authority. The investors accommodated within the compound are mainly engaged in cement, footwear, automobile assembly, steel rolling, textile & garment, etc.

Enterprises within Eastern Industry Zone will enjoy corporate income tax holiday as much as 5 to 10 years.

1.Eastern Industry Zone and inside enterprises can retain 30% foreign currency as reserve, 10% higher than enterprises.

2.Eastern Industry Zone has been approved with port of destination concerning marine and inland transportation.

3.Both the developer and inside investors shall be entitled with one-stop service privilege.

4.The tapping incoming bay from 230/132kv HT line has ensured the uninterrupted power supply.

5.The telecommunication tower and MSG box have been erected within our compound so that either broadband or fixed line service is available to be realized to each end user.

Over the years, the Eastern Industry Zone has grown into the flagship project for its home province and even for China, which has provided the essential platform for Chinese to go into Africa and the carries to take in the industry transfer from China. During the past 10 years, leaders from both countries have visited the Eastern Industry Zone: Hailemariam Desalegn, Prime Minister of Ethiopia; Mulatu Teshome, President of Ethiopia; Li Keqiang, Premier of China, Li Yuanchao, Vice President of China; Wang Yang, Vice Premier of China; Liu Yandong, Vice Premier of China; Zhao Hongzhu, member of the Secretariat of the CPC Central Committee, etc., all of whom have expressed their words of praise for the progress Eastern Industry Zone has made and instructed corresponding government bodies to give as much as support to the Industry Zone.