Mitsubishi keen on engaging in Dire-Dawa free trade zone

Addis Ababa, February 3, 2024 (FBC) – Mitsubishi Corporation (MC), a giant Japanese multinational integrated business entity, has articulated its keen interest in exploring investment opportunities associated with trading within the Dire-Dawa Free Trade Zone.

Mr. Shigeyuki Ikeda, the General Manager of Mitsubishi Corporation, undertook visits to Hawasa, Adama, and Bole Lemi Industrial Parks, as revealed by the Industrial Parks Development Corporation.

After his visit, he engaged in a discussion with Mr. Zemen Junedin, the Deputy Chief Executive Officer of the Investment Promotion and Marketing Department at the Industrial Parks Development Corporation. During the meeting, the head of the MC disclosed his corporation’s interest in pursuing investments related to trading within the Dire-Dawa Free Trade Zone. In this context, he emphasized the importance of conducting a preliminary overview to facilitate the investment process.

For his part, Mr. Zemen has pledged the full support of the Industrial Parks Development Corporation (IPDC) to Mitsubishi Corporation (MC), ensuring assistance in conducting a preliminary study aimed at facilitating trading investments and fostering business engagement.

Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,700 group companies. It has 10 Business Groups that operate across virtually every industry: Natural Gas, Industrial Materials, Chemicals Solution, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development.