Over 20 Qatari Firms Discuss Joint Venture With their Ethiopian Counterparts

ADDIS ABEBA – At least 21 Qatari businesses operating in construction and pharmaceutical production partaking in a business matchmaking event in Addis Abeba.

The two-day event, which started on Monday, has attracted Qatar National Plastic Factory, Alazizya Chemicals Factory, Qatar Aluminum Extrusion Company, Al Hodaifi Cable Company, Qatari German Medical Devices, Amiantit Qatar Pipes Company, Qatar Polymer Industrial Company and QLife Pharma, among others.

The event has given a platform for both Ethiopian and Qatari businesses aiming to create joint ventures, said Hamad Salem, executive director for export development and promotion at Qatar Development Bank.

The ongoing reform and government’s move to improve Ethiopia’s investment and trade environment is a triggering factor for the Qatar Development Bank to host the event in Addis Abeba.

“We made a deep dive market analysis and study which identified the opportunities for the Qatari business to come to Ethiopia,” said the director.

The director urged Ethiopian traders to establish a strong partnership with Qatari firms and said, “We want to be part of the success story in Ethiopia”.

Ethiopian government officials have attended the event the opening event on Monday. They too have requested Qatari companies for expediting their business partnership with their counterpart and be part of Ethiopia’s economic transformation.

Investment Commission deputy commissioner Temesgen Tilahun praised the effort made by Qatari Development Bank to bring Qatari firms to Ethiopia for potential business partnerships with their Ethiopian counterparts.

“It is a very good beginning and worthy business model in which our government would always support,” Temesgen added.

The trade balance between the two countries in the past ten years has been dominated by Qatar.

Ethiopia imported 174.2 million US dollar worth of goods from Qatar while exporting goods worth only 4.9 million US dollars.

By Sisay Sahlu