Ethiopia’s Ambassador in India calls on tourism sector investors to grab opportunities in Ethiopia

Addis Ababa, February 8, 2022 (FBC) – Ambassador of Ethiopia in India, Ambassador Tizita Mulugeta, urged investors in the global tourism sector to grab and capitalize on attractive opportunities in Ethiopia.

She said this while addressing investors gathered virtually at the ICCI (Inventivepreneur Chamber of Commerce and Industries) Annual Global Tourism Summit held on Sunday.

The virtual summit aimed to discuss pertinent global tourism issues and drew high-level government officials, ambassadors, investors in the tourism and hospitality sector, including public and private businesses,

Ambassador Tiziata spoke on the global challenges that the tourism industry has faced following the unprecedented global social and health problems, including the measures countries are taking to tackle them. 

Regarding the tourism industry in Ethiopia, the Ambassador explained its invaluable role in earning Foreign Exchange and creating employment opportunities for small and medium scale enterprises. 

Concerning international tourist arrivals in Ethiopia, the Ambassador noted that the sector proved to be fast-growing, especially in the last two decades.

The Ambassador also talked about the multifaceted socio-economic and investment reforms that the government of Ethiopia has been undertaking to provide attractive opportunities and incentives to investors. 

She also described the five-year zero-profit tax and custom duty exemptions on imported construction and capital goods for new investments in the hospitality sector as special investment incentive packages intended to attract investors.

She finally stressed the need to grab and capitalize on this opportunity inviting the investors to join the tourism sector in Ethiopia.

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