Chinese firm to build $220 mln textile plant in Ethiopia
A cornerstone was laid on Tuesday for a multi-million-dollar textile plant, which a Chinese firm will build, in the eastern city of Dire Dawa in Ethiopia. 
Dire Dawa mayor's office said Chinese firm Wuxi No. 1 Cotton Mill will build the textile plant with an investment of 220 million US dollars, which will lie on 40 hectares of land.
The construction of the textile plant will take 30 months and is expected to employ 3,000 Ethiopians once commissioned.
The plant will be located inside Dire Dawa Industrial Park (DDIP) that is currently being constructed by China Civil Engineering Construction Corporation (CCECC).
DDIP, currently being built at a cost of 159 million US dollars on 159 hectares of land, is expected to attract industries specialized in textile, apparel, and agro-processing.
Ethiopian government is financing the construction of the industrial park which is expected to be commissioned later this year.
Source(s): Xinhua News Agency