Ethiopia eyes attracting Turkish and Dubai companies to free zone – New Business Ethiopia

In a bid to attract Turkish and Dubai businesses to its recently established Dire Dawa Free Trade Zone and to take courses, an Ethiopian official visited Turkey and Dubai.

An official tour to Turkey and Dubai was carried out by a delegation including representatives of several institutions and led by the Deputy Managing Director of the Ethiopian Industrial Park Development Corporation (IPDC), Addisu Mamo, and the Chief Processing and Managing Director, Fitsum Ketema. , according to information from the IPDC.

“Teams held investment promotion seminars in the UAE and Istanbul Free Trade Area (DESBAS) in Turkey to discuss various business potentials in the Dire Dawa Free Trade Area,” said he declared.

“The representatives briefed manufacturing companies, investors and senior government officials from both countries on Ethiopia’s investment potential, industrial parks and vast trade, logistics and investment opportunities in the area of free trade recently established in the country”.

It is said that during the first event of the group’s trip to the UAE, Ambassador Aklilu Kebede of the Ethiopian Consulate in Dubai and the team spoke about the investment potential in the Dire Dawa Free Trade Zone.

“The team briefed various companies on alternative investment opportunities and incentives in industrial parks and free zones in Dire Dawa through discussions and site visits with the offices of the Free Industrial Zone Authority in Dubai , Sharjah, Ajman and Umm Al Quwain These meetings were conducted through the office of the Consulate General.

“The team, led by Adisu Mamo, Deputy Director General of the IPDC, held discussions with the Director General of the Istanbul Industry and Trade Free Zone on measures to improve bilateral collaboration in the sectors free trade and investment,” the statement said.

“The group has been informed by the Istanbul Free Industrial and Commercial Zone that their main business sectors include solar energy, automotive supply, shipping supplies, machinery, and chemical and textile industries. They also pledged to study Ethiopia’s potential in these areas. The statement also said that the Ethiopian delegation touring the two countries inspected the free trade zone, the existing operations of companies based there and their services.

IPDC team visits Uganda Investment Agency

It is recalled that Ethiopia introduced its first free trade zone in the eastern city of Dire Dawa, comparing the experiences of places like Dubai.

In a related development, IPDC The team held an exchange of experiences with the Uganda Investment Agency and discussed issues that can be worked on collaboratively. The working visit took place at the invitation of Raxio Ethiopia, a Ugandan company engaged in the construction of a data center in an ICT park in Ethiopia.

About Tammy N. McFarlane

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