UAE to Build Oil Pipeline Linking Addis Ababa, Assab

Addis Ababa August 10/2018 The United Arab Emirates (UAE) has agreed to build oil pipeline linking Eritrea’s port city Assab and Addis Ababa, according to Ministry of Foreign Affairs. ‎

The agreement was reached today when Prime Minister Dr Abiy Ahmed met with Reem Al Hashimi, Emirati State Minister for International Cooperation.

They also discussed about ways of increasing investment and consolidating the multifaceted bilateral ties between Ethiopia and UAE, it was learned.

It is to be recalled that during his visit to Ethiopia on June 15, Crown Prince of Abu Dhabi and Deputy Supreme Commander of   UAE’s Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, had extended two billion USD in terms of investment in various fields and 1 billion USD to alleviate the shortage of foreign currency.