17 April 2018

Ethiopia: KSA Desirous to Improve Investment With Ethiopia in Spheres

The Kingdom of Saudi Arabia (KSA ) is keen to improve in all areas of investment and relationship including culture, sports and transportation, Deputy Minister of Animal Resources Hamid bin Abdulaziz Al-Batshan said.

In an exclusive interview with ENA, leader of the Saudi delegation and Deputy Minister Abdulaziz Al-Batshan said "Ethiopia is tied with long historical bond to the Saudi Arabia."

"We have strong relationships that goes through a longer timeline and that always warms our hearts to go back to that time of the first Hejira," he added.

"We will be very happy to cooperate with our colleagues here in Ethiopia to improve the area of all type investments as well as relationships in culture, sports and transportation and in all the possibilities that we can think of," Abdulaziz Al-Batshan pointed out.

The fifth Ethio-Saudi Joint Ministerial Commission meeting that kicked off yesterday focuses on direct and indirect electric power connection between the two countries and investment and funding in the field of alternative energy production among others.

The trade volume between Ethiopia and Saudi Arabia, which had reached1.4 billion USD in 2014 has declined to 659 million USD in 2017 and both countries are deploying all of their resources to harness the potential.

"I think there is a lot of opportunity to explore in the future, as you said there is a reduction in trade between the two countries, but I think with the well-off leadership of the countries, I think we should be looking for a lot more than what the numbers are saying right now."

Enhancing the existing cooperation and further exploring areas of investment will be beneficial for the people of both countries, he added.

"There is tremendous opportunity to work on all fields, hopefully this is exactly why we are here in Ethiopia to make sure that we can iron out all hurdles that was in the past,"

The Joint meeting of Ministerial Commission which is discussing on various issues including cooperation in the field of mines, petroleum and gas and getting acquainted with mining regulations of both countries will wrap up tomorrow.

Ethiopia

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