Ethiopian Prime Minister’s Advisor, Getachew Reda said Ethiopia received an offer from the Sawiris family to invest in the country’s hotels sector.

There is an ongoing negotiation with some Egyptian businessmen to increase new investments and has received a number of requests from Egyptian investors to launch projects in Ethiopia, Reda said.

“El-Sewedi and Abo Elenin already have investments in Ethiopia, and we are negotiating increasing investments,” added Reda.

Ethiopia invites Egypt to invest in wheat agriculture to supply the grain for the Middle East and Russia, Reda said.

“The time frame for ratifying the agreement is very tricky, but there are intentions to join the agreement, and for Ethiopia it requires in depth negotiations. No offer of goods has been made to implement, but the country should work on providing comprehensive goods,” said Reda. “The establishment of the Free Trade Area [FTA] and the investment between the countries is very impressive.”

Source: Daily News Egypt