Ethiopia woos Qatari investors
Addis Ababa, January 17, 2019 (FBC) -“Invest in Ethiopia” forum, organized by the Ethiopian embassy in Qatar was held in Doha yesterday.
The ambassador of Ethiopia to Qatar, Metasebia Tadesse, Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Towar Al Kuwari, attended the meeting alongside a number of Qatari and Ethiopian businessmen.
The meeting reviewed investment opportunities available in Ethiopia and ways of strengthening trade and economic cooperation between the private sector of both countries.
Addressing the forum, ambassador Metasebia noted Qatar and Ethiopia enjoy good relations in all fields. The economic relations are developing thanks to both sides’ interest to cement joint cooperation.
He thanked Qatar Chamber for its cooperation with the Ethiopian side in hosting bilateral meetings that help in deepening cooperation and communication between business sectors of both countries.
He noted that a Qatari-Ethiopian Business Forum will be held next year to further enhance cooperation ties.
Delivering a presentation titled “Invest in Ethiopia”, he said that his country has achieved high rate of growth during the past few years due to incentives and facilities offered by the government such as tax exemption.
Ethiopia has a developed infrastructure of roads, transport means, shipping and communication, he said, affirming that Ethiopia is a promising investment destination.
Bin Towar said that Qatari businessmen are interested in exploring investment opportunities available in Africa generally and in Ethiopia in particular.
He noted that Ethiopia enjoys many investment opportunities in various sectors, adding that the Chamber hosts trade delegations from Ethiopia to discuss with Qatari businessmen possibility of establishing joint projects and partnerships.
Towar said that Ethiopia enjoys distinguished geographical location in the African horn, terming it as a gate to many neighboring countries such as Sudan, Eritrea, Kenya and Djibouti.
Cooperation areas are varied and time is appropriate to enhance our trade exchange, he added.
Qataris are invited to invest in various sectors including agriculture, manufacturing, services, pharmaceuticals and building materials.