Qatar’s PIH Group plans to invest in Ethiopia

Addis Ababa, April 22, 2021 (FBC) – Ethiopian Embassy in Qatar hosted a virtual pre-investment discussion today between Ethiopian government sectors and a Qatari business conglomerate- Power International Holding (PIH) Group.

The preliminary session aimed to have a general overview of the investment opportunities in Ethiopia that are in line with the realm of the PIH Group.

Representatives from Ethiopia shed light on the untapped investment opportunities in digitization of road services, logistics city development, port to port development, railway development, transport services development, road infrastructure development, and aviation services development.

The PIH Group, on its part, led by its Vice Chairman and CEO Mr. Ramez Al-Khayyat, has briefly elucidated its experiences and top priority business areas.

The Group has also expressed its keen interest to invest in Ethiopia in various sectors including infrastructure, agriculture, affordable housing construction, and hospitality sectors.

Ambassador Samia Zekaria explained the importance of having such a discussion and underscored the need for further follow-up to come up with concrete and implementable projects.

Power International Holding (PIH) is one of the leading business groups in Qatar, according to the Ministry of Foreign Affairs.

It is a diversified business conglomerate specializing in five key sectors: General Contracting, Industries and Services, Real Estate, Lifestyle (Hospitality, Entertainment, and Catering), and Services.