Dubai Chambers engages in series of meetings to strengthen trade, investment ties between Dubai, Ethiopia
Dubai, May 31
Dubai Chambers has held a series of meetings with government entities, economic institutions, and investment organisations in Addis Ababa to explore ways of strengthening trade and investment between Dubai and Ethiopia.
The meetings were attended by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. Dubai Chambers met with Ethiopia's Ministry of Industry, represented by Melaku Alebel, Minister of Industry, to discuss ways to expand cooperation across industrial sectors. The meeting also explored opportunities to strengthen private sector partnerships, increase trade exchange, and open new avenues for joint investment.
Dubai Chambers also held a meeting with the Ethiopian Investment Commission, represented by its Deputy Commissioner, Zinabu Yirga. Discussions focused on attracting investment, strengthening cooperation in priority sectors, and highlighting the investment environments in Dubai and Ethiopia, as well as the advantages available to investors and international companies.
In addition, Dubai Chambers met with Ethiopian Investment Holdings, Africa's largest sovereign wealth fund, represented by the fund's Deputy CEO, Meleket Sahlu. The meeting explored opportunities to build long-term partnerships that advance economic development and create new opportunities for companies and investors from Dubai and Ethiopia.
The meetings took place as part of the trade mission led by Dubai Chamber of Commerce to Ethiopia and Ghana. The mission aims to support the expansion of companies operating in Dubai into high-potential African markets.
— ANI
Reader Comments
Ethiopia is one of Africa's fastest growing economies and has strong historical ties with India. Yet we see Dubai chambers aggressively courting them while Indian trade bodies seem to be sleeping. Our entrepreneurs in places like Surat and Coimbatore could benefit massively from Ethiopian partnerships in textiles and manufacturing. Time to wake up!
The inclusion of Ethiopian Investment Holdings (Africa's largest sovereign wealth fund) shows this isn't just talk. Dubai is playing the long game in Africa. India has cultural goodwill in Ethiopia from our historical trade ties, but we're losing ground to UAE who are more organised with their chambers. Our government should facilitate similar trade missions instead of just hosting summits.
Good for Ethiopia! They have immense agricultural potential (coffee, livestock) and a young workforce. Dubai's industrial knowhow combined with Ethiopian resources could be a win-win. India should partner with Dubai in such initiatives rather than compete - we have complementary strengths. Our pharmaceutical and IT sectors would be great additions to this mix. 🇮🇳🤝🇦🇪🤝🇪🇹
Honestly, I'm impressed by how professional Dubai Chambers operates. They have a clear strategy - target African markets, meet at highest levels (Ministers, Sovereign Wealth Funds), and focus on implementation. Meanwhile, our Indian trade bodies often get caught in bureaucratic red tape. We need to learn from this approach if we want to tap into Africa's demographic dividend.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.