Ethiopia Pursues Qatari Businessmen into Investment

Addis Ababa January 17/02019 Ethiopian Ambassador to Qatar, Metasebia Tadesse urged Qatari businessmen on Wednesday to invest in a wide range of sectors in Ethiopia, the Gulf Times reported.

Organized by the Ethiopian Embassy in Doha,  Ambassador Metasebia encouraged Qatari businessmen to explore investment opportunities in the country’s agriculture, manufacturing, services, pharmaceuticals, and building materials sectors.

He noted that preparations are underway for the staging of the ‘Qatar-Ethiopia Business Forum’ next year to further enhance co-operation ties between the two countries, the ambassador said, adding that “own good relations in all fields.”

Ambassador Metasebia values Qatar Chamber’s efforts to co-operate with Ethiopia and to support business relations, deepen the communication between the business communities in both countries, and finding partnerships to promote trade exchange.

In his presentation entitled “Invest in Ethiopia”, the Ambassador said Ethiopia registered fast growth in the recent years, citing government support and facilities for investors such as income tax exemption.

He added that Ethiopia has developed infrastructure, such as roads, transport, shipping, communications, making it a promising investment destination for foreign investors.

Qatar Chamber first vice-chairman, Mohamed bin Towar al-Kuwari said, “It is currently the right time to explore the expansion of diversified co-operation relations between the private sectors of both countries, which enhances trade exchange.”

Al-Kuwari said Qatari businessmen are interested to know about investment opportunities found in African countries, particularly in Ethiopia, which, he said, “have many promising opportunities in a number of sectors.”

“Ethiopia enjoys a distinguished geographical location in the Horn of Africa and a gateway to many neighboring countries such as Sudan, Eretria, Kenya, and Djibouti,” al-Kuwari explained.