Qatari Investors to Launch $500 Million Projects in Ethiopia

Addis Ababa, Ethiopia: President Mulatu Teshome stated that the government will consolidate its support to investors.

During his talks with a Qatari business group led by Sheikh Fahad Ahmed M.T Al Thani here Friday, the President said Qatari investors would benefit a lot by engaging in the Ethiopian market due to the countries’ geographic proximity.

Sheikh Fahad Al Thani on his part told the president that he had visited various investment sites in Ethiopia and has plans to launch 4 investment projects with a capital of 500 million USD.

The plan is to open a cement factory in Dire Dawa, a sugar factory in Bahr Dar and animal fattening plant in Harar as well as anti-malaria and cosmetics factory.

The delegation leader has requested the government to provide the necessary support for the realization of the projects.

Source: ENA