An Ethiopian delegation of over thirty business representatives, headed by Shisema Gebresilassie, Head of the Addis Ababa City Government Trade and Industry Development Bureau and Getachew Regasa, Secretary General, Addis Ababa Chamber of Commerce and Sectoral Associations, has met with forty private sector businesses in Dubai.
The meeting was addressed by Atiq Juma Nasib, Senior Vice President, Commercial Services Sector, Dubai Chamber of Commerce and Industry and Dr Abdulkadir Risku Ethiopia’s Ambassador Extraordinary and Plenipotentiary to the United Arab Emirates. Welcoming the delegation, Mr. Nasib said: “Over the years there have been numerous visits and exchanges by high level Dubai Chamber and Addis Ababa Chamber officials which have strengthened the long serving ties between our two business destinations.
This latest visit will help us highlight Dubai’s position as a safe and stable hub besides strengthening African and Emirati ties.” He said the DCCI was actively seeking ways to develop mutually beneficial business relations with key global partners, adding that the markets of Eastern and Southern Africa were important to it. He said the DCCI had opened its second international office in Addis Ababa in 2013 in order to bring the business communities closer together and increase two-way business and investment. The Dubai Chamber had 371 Ethiopian companies among its members, he said, and non-oil trade between Dubai and Ethiopia in 2014 was valued Dhs1.75 billion, and increase of 6% over the previous year. Dr Abdulkadir said that bilateral relations between the two countries had flourished after the opening of Dubai Chamber’s representative office in Addis Ababa. He noted Ethiopia’s openness for UAE investment in the most promising sectors of its economy.
He said the UAE could benefit from Ethiopia’s agricultural and organic products, and halal food investments and Ethiopia could take advantage of the UAE’s expertise in developing different economic sectors in light of the enormous investment opportunities, growing economic development and the peace and stability Ethiopia enjoyed. Ato Shisema Gebresilassie noted that Ethiopia’s exports to the UAE included meat, dried beans, vegetables and flowers, and imports from the UAE include petroleum oils and machinery, but he said there was still a lot to be done by both sides to exploit untapped potential.