Corporation Promotes Ethiopia’s Special Economic Zones to Potential Investors in Tokyo

Tokyo: The Industrial Parks Development Corporation (IPDC) is promoting the investment opportunities available within Ethiopia's Special Economic Zones (SEZs) to potential investors during the 33rd edition of the Asia, Arab, and Africa Investment Forum in Tokyo, Japan.According to Ethiopian News Agency, a high-level delegation led by the CEO of Industrial Parks Development Corporation, Fisseha Yitagesu, is showcasing the benefits and incentives that Ethiopia offers through its special economic zones and free trade zone to forum participants and foreign investors.Fisseha emphasized that the Ethiopian government has recently implemented a range of favorable investment policies designed to create an attractive and efficient investment climate. Key reforms include the introduction of the Homegrown Economic Reform, the adoption of a free-floating exchange regime, and the ratification of the Special Economic Zone Proclamation, which facilitates a one-stop-shop service within the special economic zones.Additio nally, Fisseha underscored Ethiopia's youthful workforce and the corporation's efforts to develop modern infrastructure within the special economic zones. He also pointed out the availability of reliable and competitively priced electric power as another key factor that makes the country particularly appealing to foreign investors.In his opening remarks at the forum, Ethiopia's Ambassador to Japan, Daba Debele, highlighted the wide array of investment opportunities across Ethiopia. The ambassador noted that the government's reforms, which aim to address past challenges in the investment sector, have already begun yielding positive results.