Shandong Companies Assessing Opportunities in Ethiopia Featured

08 Sep 2017
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Addis Ababa September 08/2017 A business delegation from Shandong Province of China, led by the province’s Vice Governor, Wang Shujian is in Ethiopia to assess investment opportunities.

The companies that are part of the delegation are interested to engage in urban and infrastructure development, manufacturing spare parts and tourism sector.

After discussing with Prime Minister Hailemariam Desalegn, Vice Governor Wang Shujian told reporters that the visit came as per the agreement reached between the leaders of Ethiopia and the province last May to encourage more Shandong companies to invest here.

Shandong was among the provinces visited by the Prime Minister in May and reached agreement to further enhance the flow of FDI to Ethiopia through China’s Go Global policy and support the country’s efforts in the expansion of industrial parks.

“During the visit of the Premier in May, we were reached an agreement to promote trade and establishments of industrial parks in Ethiopia and also to boost up agriculture and infrastructural programs”, he stated.

The visit is focused particularly on discussing with high level officials on how to encourage more companies, he said. “We have a very practical discussion just now and I believe more Shandong enterprises and investors would come to the local market of Ethiopia.”

“I have a great expectation and great confidence in the future of our cooperation”, he underlined noting that the visit is part of the implementation of the agreement reached between the two sides.

During the discussion, PM Hailemariam briefed the delegation about Ethiopia’s favorable atmosphere for investment, which attracts anchor companies from all over the world.

The Premier pledged to extend support for those companies that are desirous to engage in the country`s prioritized areas, according to a high level official who attended the meeting.

During PM Hailemariam’s visit to China, the two countries have advanced their partnership into the highest level and consensus was also reached with four provinces including Shandong to enhance cooperation in trade and investment.

 

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