President Reaffirms Ethiopia’s Commitment to Chinese Investment

President Reaffirms Ethiopias Commitment to Chinese InvestmentPresident Mulatu Teshome said Ethiopia is committed to assist the engagement of Chinese investors in the country’s industrial development. The president visited today the Eastern Industrial Zone that shelters six factories, including Sansheng Pharmaceutical, East Steel and Huajia Aluminum as well as tissue and shoes factories in the on the outskirts of Addis Ababa.

Mulatu, who noted that the interest and engagement of Chinese companies in Ethiopian industrial sector is growing, said the country is always ready to facilitate the investment environment for the Chinese companies. More Chinese companies are expressing interest to invest in Ethiopia as the country has resources and market, President Mulatu stated.

According to him, Chinese investment in the industrial sector has initiated fast economic growth and enabled Ethiopia to bring about economic change through high tech manufacturing industries. Speaking about the Eastern Industrial Zone, the president appreciated the performance of the industries which have been effectively manufacturing various products.