Russian Embassy Working to Attract New Russian Investors to Invest in Ethiopia


Russian embassy in Ethiopia is working eagerly to enable Russian investors to invest in Industrial Parks and free trade zones managed by Industrial Parks Development Corporation (IPDC).

IPDC, CEO Aklilu Tadesse held discussion with Russian ambassador to Ethiopia, Evgeny Terekhin today.

Aklilu remarked during the discussion that it is necessary to work for an investment relationship that suits the long and strong friendship between Ethiopia and Russia confirming the readiness of the corporation to exert efforts to realizing this.

Russian ambassador to Ethiopia, Evgeny Terekhin reminded that his embassy is working to encourage new Russian investors to invest in the industrial parks.

The ambassador further pointed out that there will be Russian investors coming to Ethiopia soon.

Stating that he has visited the Hawassa Industrial Park, the ambassador said the standard infrastructure provided in the park is convenient for the investors.

Along with the investment-oriented discussion today, the two sides have
also exchanged views on ways in which short and long term education and training programs can be arranged to increase the overall capacity of the corporation’s leaders and employees.

Source: Ethiopian News Agency