Ethiopia, Saudi Arabia Discuss Ways to Strengthen Trade and Investment

Addis Ababa, May 20, 2022 (Walta) – Ethiopia’s Ambassador to Saudi Arabia, Lencho Bati, confer with, Chairman of the Board of Federation of Saudi Chambers, Ajlan Abdulaziz.

The two discussed ways to strengthen trade and investment between the two countries.

The discussion focused on strategies related to expanding economic and commercial activities between Ethiopia and Saudi Arabia.

They agreed on the need to facilitate trade delegation and hold investment and trade forum.

Ajlan Abdulaziz said that he recognizes the great potential Ethiopia provides to Saudi investors both as an investment destination and export market.

The board chairman underlined the importance of holding investment and trade forum in Riyadh.  He assured Ambassador Lecho his full support to expand bilateral business cooperation.

The two sides also discussed the importance of establishing Ethio-Saudi Business Council to strengthen the trade relations between the two countries according the Ethiopian Ministry of Foreign Affairs.