State Minister calls for more UAE investment in Ethiopia

Addis Ababa, October 21, 2020 (FBC) – State Minister of Foreign Affairs Tsion Teklu today received the Ambassador of United Arab Emirates (UAE) to Ethiopia, Mohammed Salem.

The two discussed bilateral issues of mutual interest with a particular emphasis on investment opportunities and challenges for UAE investors in Ethiopia.

State Minister Tsion said the two countries should scale up their relationship with investments that encourage social responsibility, technology transfer, job creation, and capacity building.

She said the newly enacted investment regulation, as part of the sweeping socioeconomic reforms in Ethiopia, would be a plus to attract foreign investors.

The two underscored that cooperation between stakeholders from both countries to deal with matters of investment relations is indispensable to create a suitable business environment in the country.

Ambassador Mohammed Salem expressed his hope that the Ethiopian investment and business environment would be even more attractive with due attention given to weed out bottlenecks to investment.