Armada Holding Group Shows Interest to Invest in Ethiopia

Addis Ababa, March 1, 2024 (Addis Walta) The Dubai Group, which owns more than 20 companies, expressed its interest in investing in Industrial parks in Ethiopia.

Armada Holding Group, which is engaged in various investment sectors in the United Arab Emirates and owns more than 20 companies, expressed its desire to invest in industrial parks and free trade zones.

Industrial Parks Development Corporation CEO, Aklilu Tadesse, along with his management members, held an online discussion with the group’s owner, Dr. Mohammad Rahif Hakimi.

The owner of the holding group, Dr. Hakimi, stated that he is interested in expanding the group’s investments in and to invest in industrial parks and free trade zones in pharmaceuticals, Agro-processing, real estate, and service investment sectors in Ethiopia.

IPDC CEO, Aklilu Tadesse, said that the attention and efficient service delivery of his corporation as usual is ready for foreign direct investment and confirmed that the necessary support will be given to the group to make the investment successful.

Armada Holdings/Armada Group is one of the leading United Arab Emirates conglomerates with more than 20 active companies having diversified interests in different countries spanning healthcare, hospitality, real estate investment property development, as well as construction.