UAE investors to invest in agriculture, hotel, tourism sectors in Ethiopia

Addis Ababa, May 15, 2012 (WIC) - United Arab Emirates (UAE) investors on Wednesday said they want to invest in the agriculture as well as hotel and tourism sectors in Ethiopia.

Members of the Dubai Chamber of Commerce and Industry were visiting Ethiopia with the purpose of linking the country’s trade activities to that of Ethiopia.

The delegation has discussed with higher government officials including Prime Minister Meles Zenawi in its stay in Ethiopia. The delegation also discussed with members of Addis Ababa Chamber of Commerce and Sectoral Association on issues of trade.

After the discussions, the delegation said UAE investors want to engage in agriculture infrastructure as well as hotel and tourism sectors in Ethiopia.

Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim said he has learnt in his stay that Ethiopia is suitable for investment. He also said the delegation would work to attract other UAE investors to Ethiopia and foster trade relations.

State Minister of Industry, Tadesse Haile for his part said the investors have expressed interest to invest in the agriculture sector in Ethiopia and export it to their country. UAE imports 80 percent of its agriculture product.

Domestic investors engaged in the agriculture sector said UAE is suitable for destination of agriculture products.