Africa-Press-Ethiopia
Ethiopia has become “an ideal investment destination” for Qatari investors owing to its huge untapped investment potentials and attractive incentives, ambassador Samia Zekaria said during the recently-held virtual ‘Ethiopian Business Workshop’.
Bilateral relations “have become more promising and growing to an unprecedented level,” said Zekaria during the event, which was hosted by the Ethiopian embassy in Qatar, in collaboration its strategic partner, KON.
The ambassador reiterated that Qatari investors have shown “an increasing interest” to invest in Ethiopia, whose high-quality and fresh agricultural products “are making their way to the Qatari market.”
She said the workshop aims to encourage Qatari businessmen and women to invest in Ethiopia, import Ethiopian products, visit various Ethiopian tourist attractions, and enjoy the country’s “magnificent weather,” natural sceneries, and cultural diversities.
In a presentation on Ethiopia’s investment potential, Fairfax Africa Fund global chairman Zemedeneh Nigatu said infrastructure, transport, manufacturing, mining, and tourism are the vital sectors in which Qatari businessmen and women should invest in.
Zemedeneh said Ethiopia’s transport sector is “the most worthwhile investment sector” having a “$74bn investment opportunity in the coming 10 years.” He said Ethiopia’s proximity to the Middle East region, the country’s fast-growing economy, and the availability of a productive workforce “make an ideal basis for a strong Ethio-Qatar economic relation.”
Officials and experts from various Ethiopian ministries and agencies have also underscored the ample business opportunities in their respective sectors during the online event.
KON Group chairman Mohamed Riad Massani and KON Group co-founder and chairperson Hissa Khalil al-Suwaidi shed light on the opportunities provided by the workshop in terms of strengthening the business ties of the two countries.
