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Ethiopian Investment Summit 2012 is to present investment opportunities in Ethiopia to representatives at the World Economic Forum on Africa to be held in Addis Ababa, Ethiopia in May of 2012.

The business summits plans to present the opportunities available in Ethiopia to international investors said Henok Assefa Managing Partner of Precise Consult International, organizing the event in collaboration with local and international partners.

Ethiopian Airlines, Ethiopia’s flag carrier, is to undertake a study of four new routes to the East; South Korea, Malaysia, Singapore and further destinations in China.

Ethiopian Airlines plans to strengthen its role in the Asian market by targeting new destinations in the East according to Tewolde Gebremariam, Chief Executive Officer of the airline. The airline is carrying out market studies on flight to Kuala Lumpur, Seoul, Singapore and further locations in China explained Tewolde.

There are significant trade opportunities between Ethiopia and Ghana said Gifty Abassiya, Ethiopian Ambassador to Ghana.  The business prospects can be translated into mutual benefits for both countries said the Ethiopian Ambassador to the Ghanaian Daily Graphic.

Ethiopian exports such as leather products, flowers, fruits, vegetables and other agricultural products can easily be exported to Ghana through Ethiopian Airways Cargo along well established lines said Gifty.

Ethiopian contractors, Kassa and Sons Consulting were awarded the civil work for Total Ethiopia’s depot at Dukem. Total Ethiopia is expected to put out further tenders for mechanical and electrical work.  

Kassa and Sons secured the contract after a limited invitation made to eight companies to present engineering estimates along with proof of having the necessary equipment and personnel to realize the design for the depot executed by Ultimate Plan plc.