Ethiopian Signs Equity Investment Deal with AAICEC 

ADDIS ABABA – Ethiopian Airlines Group on Thursday signed an equity investment agreement in Addis-Africa International Convention and Exhibition Centre (AAICEC) project.

The center is currently under construction in Addis Ababa, home to the headquarters of the African Union (AU), and the United Nations Economic Commission for Africa (UNECA).

The project, which lies on an area of about 70,000 sq. m, is scheduled to be completed by the end of the first half of 2024.

Ethiopian says it is participating in the project through equity investment to boost conferences, tourism, and trade in our country.

“We are truly pleased to be part of yet another initiative that would boost our country’s tourism, trade, and investment,” Group CEO Mesfin said.

The group boasts of having the largest hotel in Africa after inaugurating the second phase of the Skylight Hotel months ago.

“Now, embarking on this equity investment with AAICEC, we have ascertained our commitment to deepen our role in the proliferation of tourism,” Mesfin noted.

The project encompasses indoor and outdoor exhibition venues, multi-purpose halls, conference center, auditoriums, office space, shops, restaurant and café, and children’s playground, among others.

“We are glad to be part of this major national project that will increase our country’s visibility as an international conference and exhibition center,” Ethiopian Airlines Group CEO Mesfin said.

Ethiopian currently avails seamless connectivity from its major hub, Addis Ababa, to more than 134 destinations across five continents deploying more than 145 ultra-modern aircraft.