Ethiopia: Turkish Investment in Ethiopia Reached USD 2 Billion

Turkish investors had invested a total of USD 2 billion in Ethiopia, creating over 20,000 job opportunities according to the Ethiopian Investment Commission.

Turkish investors had invested a total of USD 2 billion in Ethiopia, creating over 20,000 job opportunities according to the Ethiopian Investment Commission.
Turkish investors that are interested to invest in Ethiopia’s capital, Addis Ababa, housing development as well as the city construction works held discussion with President Mulatu Teshome on Thursday, November, 27, 2014.
Eksoy Chemical Industries Ltd, a Turkish based chemicals manufacturer, is about to get in to the Ethiopian market by supplying chemicals and dyestuff to textile factories via a bonded warehouse scheme.
Turkish textile and garment companies are planning to move their factories to Ethiopia, with the assistance of Ayka Addis Textile and Investment Group, a Turkish company that made the same move three years ago.
Ayka submitted a proposal for the relocation of several Turkish textile and garment companies to the Ministry of Industry which has been already accepted.Turkish textile factory MNS Manufacturing PLC has launched the first phase with an investment of over 1.2 billion birr, The Ethiopian Herald reported.