Activities underway to lure UAE companies into investments in Ethiopia

Addis Ababa, July 16, 2024 (FBC) – Consul General of the Federal Democratic Republic of Ethiopia in Dubai and Northern Emirates, Ambassador Aklulu Kebede, announced activities underway to lure UAE investors into the Ethiopian market.

Ambassador Aklulu conferred with a delegation of Ethiopian Industrial Parks Development Corporation (IPDC) on works being done to promote the Ethiopian investment potentials to UAE businesses.

Head of the delegation and Deputy CEO of IPDC, Zemen Junedin made explanations about the enabling conditions in the trade and logistics sectors and burgeoning opportunities in industrial parks and Dire Dawa Free Trade Zone.

The Ethiopian delegation is said to have discussed with members of the management board of Armada Group on how to facilitate company’s potential engagement in industrial parks and real estate development business in Ethiopia.

Armada Holdings/Armada Group is a prominent conglomerate in the United Arab Emirates, comprising over 20 thriving companies with diverse interests across multiple countries. The group’s portfolio encompasses healthcare, hospitality, real estate investment, property development, and construction, solidifying its position as a leader in these sectors.