Pakistani Businesses Eye Ethiopian Investment Opportunities

ADDIS ABABA – A Pakistani business delegation is in Ethiopia looking for trade and investment opportunities as the two countries seek to enhance their economic ties.

The delegation involving 80 Pakistani investors and officials of various cities’ chambers of commerce and industry embarked on their Ethiopian visit on Monday.

The second edition of Ethio-Pakistan Business Forum at the Skylight Hotel started off their tour, led by Pakistani Trade Development Authority’s CEO Mohammad Zubair Motiwala.

Trade and regional integration minister Gebremeskel Chala, Investment commission chief Hana Arayasilassie and other high-level officials attended the Forum along with representatives of the Ethiopian business circles.

In her remarks, State Minister for Foreign Affairs Birtukan Ayano noted that Ethiopia and Pakistan have long-standing relations.

The state minister hopes the forum will have a significant impact in enhancing diplomatic and economic relations.

Birtukan also called upon the Pakistani businesses to invest in Ethiopia, indicating the sustained economic development, favorable investment climate, huge market and strategic position make the country an ideal place to do business.

The Forum, held under the motto: ‘connecting historic countries through trade and investment’,
featured a presentation highlighting the trade and investment opportunities for foreign investors in Ethiopia.

ICT, mining, leather and leather products, agriculture, industry, textile, pharmaceutical, and aviation sectors are represented in the visiting Pakistani business delegation.

On Tuesday, investors also toured Bole Lemi, Kilinto and Adama industrial parks.

Khawaja Masood Akhtar, Owner and Chairman of Forward Sports, one of the largest soccer ball makers, was among them.

He told news agency ENA that: “We see big opportunities here because electricity is very cheap. There are industrial zones, specially dedicated for that kind of purpose.”

“Policies look wonderful to invest here. If we see a very good partner of course then hopefully we are looking to produce here.”

The delegation planted seedlings as a symbolic gesture to foster the relationship between the two nations as part of the Green Legacy Initiative in Adama City.

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