https://en.sputniknews.africa/20240813/iran-encourages-investment-in-ethiopian-industrial-parks-boosted-by-both-nations-brics-membership-1067843916.html
Iran Encourages Investment in Ethiopian Industrial Parks, Boosted by Both Nations' BRICS Membership
Iran Encourages Investment in Ethiopian Industrial Parks, Boosted by Both Nations' BRICS Membership
Sputnik Africa
Earlier in August, Russian Ambassador to Ethiopia, Evgeny Terekhin, told local media that the economic collaboration between the two countries is expanding... 13.08.2024, Sputnik Africa
2024-08-13T17:18+0200
2024-08-13T17:18+0200
2024-08-13T17:27+0200
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Iran aims to encourage its investors to put money into Ethiopian industrial parks, with both nations' BRICS membership enhancing this initiative, Ethiopia's Industrial Parks Development Corporation (IPDC) said on Monday.During their discussion, IPDC CEO Fisseha Yitagesu and Iranian Ambassador to Ethiopia Ali Akbar shared ideas on how to deepen long-term relations through investment, according to the IPDC.Fisseha emphasized that the BRICS membership of both countries will be a cornerstone for their investment ties. He reiterated Iran’s desire to join IPDC’s efforts to attract global investment and diversify the investors in its hubs.The CEO also highlighted that preliminary tasks, such as organizing the Ethiopia-Iran Investment Forum, should be collaboratively undertaken.In turn, Akbar pointed out that Ethiopia's recent significant development, particularly in the energy sector, has created favorable conditions for investment. He added that he will focus on attracting Iranian investors in sectors such as agricultural processing, vehicle manufacturing, and assembly.Ethiopia is a promising destination for investment. Earlier in June, the World Investment Report said that Ethiopia took the lead in attracting foreign direct investment (FDI) in East Africa in 2023, attracting $3.3 billion in FDI.
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ethiopia, iran, brics, middle east, east africa, investment, foreign direct investment (fdi), economy, bilateral relations
ethiopia, iran, brics, middle east, east africa, investment, foreign direct investment (fdi), economy, bilateral relations
Iran Encourages Investment in Ethiopian Industrial Parks, Boosted by Both Nations' BRICS Membership
17:18 13.08.2024 (Updated: 17:27 13.08.2024) Christina Glazkova
Writer / Editor
Earlier in August, Russian Ambassador to Ethiopia, Evgeny Terekhin, told local media that the economic collaboration between the two countries is expanding, with both countries actively working towards boosting trade and investment.
Iran aims to encourage its investors to put money into Ethiopian industrial parks, with both nations' BRICS membership enhancing this initiative, Ethiopia's Industrial Parks Development Corporation (IPDC)
said on Monday.
During their discussion, IPDC CEO Fisseha Yitagesu and
Iranian Ambassador to Ethiopia Ali Akbar shared ideas on how to deepen long-term relations through investment, according to the IPDC.
Fisseha emphasized that the BRICS membership of both countries will be a cornerstone for their investment ties. He reiterated Iran’s desire to join IPDC’s efforts to attract global investment and diversify the investors in its hubs.
The CEO also highlighted that preliminary tasks, such as organizing the Ethiopia-Iran Investment Forum, should be collaboratively undertaken.
In turn, Akbar pointed out that
Ethiopia's recent significant development, particularly in the energy sector, has created favorable conditions for investment. He added that he will focus on attracting Iranian investors in sectors such as
agricultural processing, vehicle manufacturing, and assembly.
Ethiopia is a promising destination for investment. Earlier in June, the World Investment Report said that
Ethiopia took the lead in attracting foreign direct investment (FDI) in East Africa in 2023, attracting $3.3 billion in FDI.
