A delegation from the Dubai Chamber of Commerce and Industry recently participated in the Ethiopian Transport Investment Summit, which recently took place in Addis Ababa. They explored prospects for expanding cooperation between the UAE and Ethiopia in the logistics and transport sectors. The Summit, organized by Ethiopia’s Ministry of Transport, aimed to promote the sector's untapped investment opportunities and create a networking platform for potential foreign and local investors.
At the summit, Dagmawit Moges, Ethiopian Minister of Transport, expressed her government’s readiness to collaborate with the private sector to achieve the transport and logistics sector’s ten-year perspective plan and hence dedicated her effort to the preparation of the summit.
A panel session during the event, titled "Opportunities for Private Sector Engagement in the Ethiopian Transport Sector took place. During the discussion, the summit shed light on new opportunities in Ethiopia’s logistics and transport sectors, which offer tremendous potential for Dubai Chamber members, and companies specializing in IT companies, delivery and freight forwarding in particular.
The transport sector is vital and important to any country, and Ethiopia is witnessing many changes in terms of investment, trade and opening up opportunities for international companies and Ethiopia is expected to witness unprecedented economic transformation with the Africa Continental Free Trade Agreement coming into play.
Since Dubai Chamber opened its first Africa office in Addis Ababa several years ago, Dubai’s non-oil trade with Africa has surged by nearly 42 percent over the 2014-2019 period, and the number of African companies registering with Dubai Chamber has grown to exceed 17,000 today.
