Addis Ababa:Saudi Arabia's Ambassador to Ethiopia, Abdullah bin Hassan Al-Zahrani, has emphasized that the relationship between Ethiopia and Saudi Arabia is progressing in areas such as politics, economics, investment, and tourism. He noted that Saudi Arabia led globally in imports from Ethiopia in 2025.
According to Ethiopian News Agency, Ambassador Al-Zahrani highlighted the commitment of both nations' leaderships to strengthening bilateral relations, which has been bolstered by increased visits from officials. This has fostered cooperation and opened up new partnership opportunities.
The Ambassador noted the recent increase in reciprocal visits between Riyadh and Addis Ababa, which coincides with efforts to finalize economic and investment agreements beneficial to both nations. Key areas for collaboration include the economy, education, health, and tourism.
To boost trade and investment, Al-Zahrani mentioned the role of the embassies in promoting commercial partnerships. The Saudi-Ethiopian Business Council, which includes private-sector representatives, has been instrumental in this effort, holding several meetings to explore investment opportunities further.
In terms of trade, Saudi Arabia's imports from Ethiopia were valued at about two billion Saudi riyals, with Ethiopian coffee making up 80 percent of exports to Saudi Arabia. Saudi exports to Ethiopia were valued at approximately 184 million Saudi riyals. Both countries aim to increase trade and maximize their economic cooperation potential.
Al-Zahrani described Ethiopia as a country rich in economic potential and natural resources, making it an attractive investment destination. He identified mining, agriculture, and tourism as promising sectors, along with Ethiopia's water resources, which provide opportunities for new economic projects.
He further stated that Saudi Arabia has the financial resources and expertise to capitalize on these opportunities, enhancing cooperation between public and private sectors. Ethiopia's diverse resources position it as a potential major destination for Saudi investment in Africa and beyond.
The Ambassador concluded by underscoring the importance of maintaining coordination between the two countries to transform investment opportunities into concrete projects, thereby boosting trade and strengthening economic partnerships.
