ADDIS ABABA – The Industrial Parks Development Corporation (IPDC) announced significant financial results for the 2023/24 fiscal year, surpassing 2.1 billion Birr in revenue.

According to Ethiopian News Agency, the revenue was generated through a variety of channels, including the rental of production sheds, service land leased to investors, housing apartments, and other building rentals tailored to investors’ needs. The corporation also reported a profit of more than 282 million Birr from its operations. This financial success is attributed to activities across several sectors, including the Dire Dawa Free Trade Zone and various industrial projects, which have bolstered the corporation’s effective income and profit performance. The IPDC is currently reviewing its 2023/24 fiscal year performance during sessions held in Hawassa City.