Russian Investors Keen to Invest in Ethiopia’s Industrial Parks

Addis Ababa: Industrial Parks Development Corporation CEO, Fisseha Yitagesu and Deputy Ambassador of the Ethiopian Embassy in Moscow, Rosa Yeruqneh held online discussion on way to attract Russian companies to invest in Ethiopia's industrial parks and free trade zone.On the discussion, the CEO said 'We will work diligently to ensure that there is an investment flow that matches the historical relationship between Russia and Ethiopia.'Fisseha mentioned that works are being done for Russian investors to invest in agro-processing, manufacturing, pharmaceutical, automobile and technology sectors, and for this IPDC will work with the embassy to use the potential of Russia.The Deputy Ambassador said that the political and economic cooperation between the two countries is historic, and that Russian investors are currently interested in investing in industrial parks.In the discussion, it was pointed out that by participating in the international business and investment forums in Russia, bilateral discussions will be held with investors who have shown interest.Source: Ethiopian News Agency