Chapter X
Industrial Development
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Elements of Industrialization
Nov. 02, 1960
...In the industrial field, as well, development has proceeded satisfactorily.  New factories have
been opened.  Koka Dam is providing cheaper electrical power to Our people and will stimulate
further industrialization.  Work is proceeding on schedule for the survey of the waters of the Blue
Nile and plans are being carried forward for the development of the Awash and Webi Shebelli
valleys.  A contract has been concluded for the utilization of a portion of the credit granted by the
Federal People's Republic of Yugoslavia for the construction of a modern cement plant near Addis
Ababa.

There are numerous other projects which, while still in the planning stage, will be commenced
during the coming year.  Among these, we would single out for particular mention Our plans for the
construction of the new town at Bahar Dar.  This town is being planned with the assistance of
experts provided by the Government of the Federal Republic of Germany, and will include schools,
hospitals, industrial plants and all modern facilities.  In implementation of the magnanimous
gesture made to Us during Our state visit to the Soviet Union, a technical high school for 1000
students will be constructed at Bahar Dar as the gift of the Government of the Union of Soviet
Socialist Republics....
Haile Selassie the First - November 2, 1960