Ethiopia extended an offer for Israeli investors to take part in the second Growth and Transformation Plan (GTP II) period, which will see the construction of 2.4 million new apartments. Out of the 2.4 million, 900,000 of them are planned to be constructed in the capital city, Addis Ababa. The government also plans to build 8 new industrial parks within the five years.
An Israeli investment delegation revealed its readiness to begin investment in Ethiopia’s agricultural sector starting from next year.
Isuzu Motors, the well-known Japanese vehicles manufacturer, said it will open an assembly plant in Ethiopia in August 2019.
A delegation of Italian business persons held talks with Ethiopian counterparts here last Wednesday, according to The Ethiopian Herald reported.
The number of Italian companies operating in Ethiopia is expected to increase in the coming years, according to Riccardo Zucconi, the head of the Italian Trade Agency (ITA) in Ethiopia. Zucconi attributes this trend to Ethiopia's strong economic growth, strategic location in the Horn of Africa, and the expanding middle class market.
