UAE Investment Giant ASCORP Holdings Eyes Major Opportunities in Ethiopia

Addis Ababa, January 15, 2026 (ENA)—ASCORP Holdings PSC, a privately owned investment firm headquartered in Abu Dhabi, has expressed strong interest in expanding its investment portfolio into Ethiopia.

Driven by its commitment to participate in the UAE’s phenomenal economic growth, ASCORP Holdings PSC operates across a wide range of sectors, including industrial automation, security services, transportation, manufacturing, and food services.

Ethiopia’s Ambassador to the United Arab Emirates, Jemal Beker, held discussions with Khalfan Saeed Al Kaabi, Chairman of ASCORP Holdings and a prominent Emirati entrepreneur, to explore potential investment opportunities in Ethiopia.

During the meeting, Ambassador Jemal highlighted Ethiopia’s steadily improving investment climate, underscoring opportunities emerging from the government’s Homegrown Economic Reform Agenda.

He emphasized major infrastructure developments and the ongoing liberalization of key economic sectors as clear indicators of Ethiopia’s commitment to attracting global investors.

Khalfan Saeed Al Kaabi commended Ethiopia’s leadership and the visible progress in infrastructure development, noting that these reforms have significantly enhanced investor confidence.

He expressed ASCORP Holdings’ readiness to deploy capital and global expertise in Ethiopia, with particular interest in the hospitality and tourism sectors.

ASCORP’s proposed investment plan includes the development of a luxury hotel, a golf training center, and a hospitality training institute aimed at strengthening local human capital and enhancing service excellence.

Ambassador Jemal welcomed the interest and reaffirmed the Ethiopian government’s full institutional support for prospective investors.

Both parties agreed to arrange a pre-investment visit to Ethiopia, enabling ASCORP’s technical team to engage with relevant government institutions and private-sector stakeholders to advance the proposed projects.