METEC (acronym for Metals and Engineering Corporation) is an Ethiopian arms and machinery industry founded in 2010.[2] It is the state largest military industrial complex, responsible for the production of military equipment and civilian products. METEC works with foreign companies such as Alstom from France, and Spire Corporation from America.[2]
Controversy
Grand Ethiopian Renaissance Dam
METEC was once responsible for constructing the $4 billion Grand Ethiopian Renaissance Dam project on the River Nile, expected to be Africa's biggest hydroelectric project, but was ousted from the contract in August 2018.[3] Kinfe Dagnew, a Brigadier General in Ethiopia's army and former chief executive of METEC plays a significant role in the organization.