Addis ababa: Ethiopia and Italy have reaffirmed their commitment to expanding cooperation in investment and infrastructure development, as senior officials from both countries highlighted growing prospects for stronger economic ties.
According to Ethiopian News Agency, the Ethio-Italy Construction and Infrastructure Forum, bringing together high-level government officials and business leaders, is underway in Addis Ababa with the aim of enhancing collaboration in priority sectors. The opening session drew key dignitaries including Finance Minister Ahmed Shide, Irrigation and Lowlands Minister Abraham Belay, Addis Ababa Mayor Adanech Abiebie, State Minister for Urban and Infrastructure Development Yetimegeta Asrat, Italy's Deputy Minister of Foreign Affairs and International Cooperation Maria Tripodi, and Italy's Ambassador to Ethiopia Sem Fabrizi, among others.
Addressing the forum, senior officials underscored the expanding opportunities for strategic partnership, noting that deepened cooperation could play a vital role in advancing investment flows and accelerating infrastructure development in Ethiopia. Speaking at the forum, Finance Minister Ahmed Shide emphasized that the ongoing macroeconomic reforms are creating a favorable environment for investment and sustainable growth. Ahmed further noted that Ethiopia has embarked on comprehensive reforms aimed at stabilizing the economy and enhancing private sector participation, adding that Italy's bilateral and multilateral support has played a constructive role.
According to the minister, the strong relationship between the leadership of the two countries has delivered tangible results in recent years, with cooperation expanding in volume, quality and scope, particularly in urban development, urban regeneration and the energy sector. He added that the forum will further strengthen collaboration in construction, technical design, urban utilities expansion and broader infrastructure development. Highlighting developments in the capital, the minister underscored that Addis Ababa is evolving into a major metropolitan hub, attracting investment, improving livability and driving economic activity.
Italy's Deputy Minister of Foreign Affairs and International Cooperation Maria Tripodi, on her part, commended Ethiopia's reform trajectory and economic performance, describing the country as a key driver of development in Africa. She further noted that structural reforms, progress in strengthening the banking sector and gradual integration into the World Trade Organization (WTO) signal Ethiopia's commitment to openness and modernization. Tripodi added that Ethiopia's economic growth, which has exceeded six percent in recent years, makes it a natural partner for Italy's production system.
Reaffirming Italy's commitment to deepening economic ties, she said efforts are underway to translate strong political relations into concrete economic opportunities by leveraging Italy's technological expertise and industrial capacity. According to Tripodi, Italian companies are well positioned to contribute to Ethiopia's priority sectors, including infrastructure, logistics, urban development, and energy. Both sides underscored that the forum serves as a platform to strengthen business-to-business linkages and translate shared commitments into practical outcomes.