As Ethiopia’s FDI decreases due to anti-gov’t protests & crackdown, TPLF (EPRDF) calling Saudi to invest


09 Dec 2016

Addis Ababa December 9, 2016 Ethiopia and Saudi Arabia have discussed today about ways of engaging in value-added agricultural investment.

Prime Minister Hailemariam Dessalegn held talks here with a delegation led by Abdurahaman Bin Abdlmuhisin Alfadly, Saudi Arabia’s Minister of Environment, Water and Agriculture.

The premier said on the occasion that Ethiopia is keen to export value-added products in general and products of agriculture in particular.

The export-oriented agricultural investment areas should preferably create many jobs, he added.

The PM further indicated animal and vegetable development as examples of areas that have huge potential in Ethiopia.

Saudi Minister of Environment, Water and Agriculture Abdurahaman said “we believe Ethiopia has huge potential manly in agricultural investment.”

He disclosed that a joint team drawn from both Ethiopia and Saudi Arabia will be established to carry out feasibility study and come up with investment ideas in the sector.

Ethiopia and Saudi Arabia started diplomatic relations in 1948.

source: ena