The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, met with a delegation from Ethiopia last week, at the Al Habtoor Group head office. The delegation was led by His Excellency Yibeltal Aemero Alemu, Consul General of the Federal Democratic Republic of Ethiopia in Dubai; HE Kedir Getahun, Deputy Consul General; M. J. Benny, Manager Investment and Business Promotion. Also present was Ziad Ida, Director of Community Relations and Safety of Al Habtoor Group and Abdul Salam Marzooqi, General Manager, Khalaf Ahmad Al Habtoor Foundation.
The group informed Al Habtoor about potential investments in Ethiopia, with a particular focus on industry. Al Habtoor informed the delegation that any investments for consideration would be in areas within the Al Habtoor Group’s expertise, namely the hospitality, automotive, car hire and education sectors.
His Excellency Yibeltal Aerm invited the Chairman to meet with the President and Prime Minister of Ethiopia and to see potential investments in sectors of interest within the country. He said that Ethiopia had witnessed a change in recent years and was now garnering attention from foreign investors.
The delegation briefed Al Habtoor on the economic landscape in Ethiopia saying it had experienced rapid growth, and reduced poverty significantly. The country’s economy is now among the fastest-growing economies in Africa. The International Monetary (IMF) forecasts growth of 8.7 percent this year.
The Al Habtoor Group is a UAE-based conglomerate. While best known for construction, it is globally recognised through its involvement in the hotel, automotive, real estate, education and publishing sectors.