Amount of revenue Ethiopia is securing from the horticulture sector is increasing year by year, the Ethiopian Horticulture Producers and Exporters Association reported.
Association Chairperson Zelalem Mesele told ENA that the country has obtained 265.71 million USD during the 2011/12 year, which shows a 41.71 million USD increase compared to the previous year.
Flowers constitute the biggest share in terms of revenue enabling the country to obtain 212.56 million USD, while the balance goes to vegetables, fruits and herbs.
The size of land developed with flowers, vegetables, fruits and herbs is also increasing, ENA learned.
Over 12,550 hectares land has developed with flowers, vegetables, fruits and herbs during the reported period.
The size of land developed during 2011/12 exceeded the previous year by 6,038 hectares land.
The Chairperson attributed the success to the prevailing conducive investment environment, attractive incentive packages and overall government support.
The report says companies from Ecuador, the Netherlands, India and Kenya are showing interest to invest in the sector.
Ethiopia exports its horticulture products to over 100 destinations around the world.
The Netherlands, Germany, Saudi Arabia, Norway, Belgium, UAE, France, Japan Italy and United State are the first 10 destinations for Ethiopian horticulture products.