Ethiopia attracting huge FDI from global investors

 

Ethiopia is rapidly becoming one of Africa’s fastest-growing economies, and is now drawing the attention from foreign investors.

The country’s economic landscape has taken shape and is now among the fastest-growing in the world and has registered a double digit growth for the last ten years.

According to the Ethiopian Consul General in Dubai Yibeltal Aemero, what makes Ethiopia attractive destination to foreign investors are basically political and social stability, rapid economic growth, excellent climate and fertile soils, private sector friendly government, abundant and trainable labour force, competitive incentive packages, access to wide market.

 

He also indicated that the key priority areas for investment in Ethiopia are agro-processing industry, textile and apparel industries, sugar and related industries, chemical industry, pharmaceuticals industry and metal and engineering industries.

The Consul General further mentioned the establishment of Industrial Parks that focus on the production of textiles, leather, garments, pharmaceuticals, agro-processing and Equipment manufacturing.

Aemero also confirmed that the bilateral relation on investment and trade between Ethiopia and UAE is growing from time to time.

Source: gulftoday.ae