WHEREAS, it is necessary to accelerate the economic transformation and development of the country through the establishment of Industrial Parks in strategic locations to promote and attract productive domestic and foreign direct investment thereby upgrading industries and generate employment opportunity;

RECOGNIZING, the need to enhance export promotion, protection of environment and human wellbeing, economical land use and establishing and expanding planned urban centers;

RECOGNIZING, the paramount importance of legislation in respect of establishment, development, operation, management, and regulation of Industrial Parks;

NOW, THEREFORE, in accordance with Article 55 (1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: