Ethiopia presents lucrative investment opportunities in the tourism sector

Addis Ababa, May 7, 2024 (FBC) – Ethiopia emerges as a highly favorable investment destination for those interested in the tourism sector, according to the Ethiopian Investment Commission (EIC).

The commission highlights that Ethiopia presents a range of investment prospects, encompassing the construction of tourism infrastructure such as hotels, resorts, convention centers, duty-free centers, cultural villages, and centers, as well as the development of selected destinations.

The country is home to eleven UNESCO World Heritage sites, the most in Africa, which offers mesmerizing landscapes, diverse cultures, vast national parks, fascinating museums and beautiful lakes.

From the largest mountains in Africa to the Danakil Depression (the third-lowest place in the world) to Erta Ale (a live volcano), Ethiopia has diverse and breathtaking options for tourists.

The Ethiopian Investment Commission stated that the unique Ethiopian Rift Valley (part of East African Rift Valley) is a remarkable region of volcanic lakes, with their famous collections of birdlife, great escarpments, and stunning vistas.

“We are the birthplace of mankind, coffee, and the Blue Nile, making us a fascinating destination for holidaymakers. Over 800,000 tourists arrive in Ethiopia every year to experience the best of the world, which provides a growing opportunity to establish tourism projects in the country,” it added.

Moreover, it indicated that Addis Ababa is home to the head offices of the African Union, the United Nations Economic Commission for Africa, and the embassies from numerous countries adding to the growing number of diplomats and visitors.

Brands catering to the growing tourism sector include Sheraton Addis, Radisson Blu, Hilton, Golden Tulip, and several other hospitality brands.

Ethiopian Airlines connects tourists from all over the world, creating possibilities for adventurers to come and taste what Ethiopia presents.

The Prime Minister Abiy Ahmed has recently launched tourism development projects in Gorogora, Wonchi and Koisha, and investors are welcome to take part in one of the country’s biggest tourism projects.