Iranian Envoy: Iran Ready to Make Additional Investments in Ethiopia

Dec. 09, 2012

Iran’s Ambassador to Ethiopia Ali Bahreini has expressed the Islamic Republic’s readiness to make more investments in the African country, Press TV reports.

“We acknowledge that Ethiopia has achieved a lot during the last decade and our country is ready to support Ethiopia to continue these processes,” Bahreini told Press TV.

He added that there is much room for cooperation between the Iranian private sector and the Ethiopian companies working in different areas, including energy, power transmission, housing, the construction of railroads and roads and agriculture.

He noted that Tehran and Addis Ababa have the commonality of being symbols of the oldest civilizations; thus, they need to strengthen their bilateral cooperation.

The Iranian ambassador made the investment proposal at a time when Ethiopia is working on the renewal of its cities not only to offer better services to the local populace but also provide a good ambience for foreign investors.

Iranian companies have already implemented some projects in Ethiopia mainly in the fields of energy.

Iran is also looking forward to having continued political consultations and dialogue with Ethiopia in order to share ideas and coordinate policies while engaging in different international and regional issues.

“We will have the exchange of some delegations between Iran and Ethiopia composed of [members from] governmental and non-governmental sectors in order to get familiar with each other’s potential and to have consultations and negotiations on how to establish cooperation in different fields, particularly in economic fields,” Bahreini said.

Ethiopia is currently experiencing an economic transformation.

Source: Tehran Times