Addis Ababa, May 10, 2022 (Walta) – The United Arab Emirates-based Al Asalah Electromechanical Contracting Company announced plans to invest in textile, mining, personal hygiene, and household cleaning products in Ethiopia.
Ambassador Aklilu Kebede held a discussion with the management of UAE-based Al Asalah Electromechanical Contracting Company about Investment opportunities in Ethiopia.
The company intends to invest in Ethiopia in textiles, personal hygiene and household cleaning products, and mining in a joint venture with Ethiopian-based New Line Trading P.L.C.
The UAE-based company representatives are traveling for a pre-investment visit to Addis Ababa this week and they will meet with officials of the Ethiopian Investment Commission and other concerned offices, according to the Ministry of Foreign Affairs.