After participating in the Ethiopian Transport Investment Summit a few weeks ago, representatives from the Dubai Chamber of Commerce have affirmed that investors from the country, including the chamber itself.

The affirmation comes only a few weeks after the representatives explored options to expand into the Ethiopia logistics and transport market. The chamber’s International Offices Director, Omar Khan, even joined a panel session titled Opportunities for Private Sector Engagement in the Ethiopian Transport Sector.

During the discussion he noted that efforts by the government to open up various sectors to foreign investment is bearing fruit and that efforts by the Ministry of Transport offer “tremendous investment potential” for his organisation.

Specific areas that currently have much appeal to foreign investors are the IT, delivery, and freight forwarding sectors while the multimodal logistic sector is expected to become another avenue of investment within the near future.

Quite recently the Ministry of Transport has announced that it is opening up Ethiopia’s multimodal service sector to at least five private operators in order to increase efficiency and minimise costs. Furthermore, the Ministry has also announced plans for a logistics city in the Indode, an area located 36 km southwest of Addis Ababa.

These developments are part of the Ministry’s 10-year development plan. The United Arab Emirates is expected to become a significant partner to this plan, not only in terms of transport and logistics but trade as a whole. Ethiopian companies are expected to participate in Expo 2021 Dubai and Global Business Forum Africa in Dubai later this year.

Construction Business News

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