ABU DHABI, 17th August, 2020 (WAM) — Humaid Mohammed bin Salem, Secretary General of the Chamber of Commerce and Industry in the UAE, confirmed the interest of the private and public sectors in the UAE and Ethiopia. The increase in mutual investments and intra-trade values ​​over the past years should lead to increased economic cooperation.
In his statement, Ibn Salem said that more than 121 Emirati companies are operating in the Ethiopian market, including Zulbar Pharmaceutical Industries, Jinan Agricultural Investment, Masdar, Emirates Steel, DP World, Al Canadian and enriching the relations between the two countries in economic aspects. Auto, Al Ghurair Group, Al Wealthy Investments, Luta Group, Eagle Hills, International Electronic Cargo System, Falcon Chemicals, Hadid International Services, Hail Saeed Anam Group and other leading Emirati companies.
He explained that the country’s trade and industry sectors, particularly the representative office of Dubai Chambers, have contributed in recent years to building strong relationships between the public and private sectors in order to provide better support to Emirati and Ethiopian companies. Sector of events and business platforms, and conduct bilateral business meetings between them and identify sources of supply and distribution, and trade missions.
Bin Salem emphasized that increased coordination between the two sides gives more impetus to Emirati companies to invest in various sectors in Ethiopia. Transportation, logistics and real estate, as well as wholesale, retail and rental of machinery and heavy equipment.