Addis ababa Real estate heats up with Qatari Investment
The investing arm of the Qatari ruling class has its eyes on Ethiopian real state with a multipurpose real estate project in Addis ababa.
After high level visit of Ethiopian delegation in Doha a Memorandum was signed between the delegation and the Qatari Holding Group.he Group Chairman, Dr. Khalid Bin Thani Al-Thani, said “the project aims to support the economic growth movement in Addis Ababa, which is expected to be very active during the coming period, particularly in real estate sector.”
He added that the company is optimistic that its first investment experience in Ethiopia will be a significant success, through which it seeks to consolidate bilateral economic relations and cooperation with the Ethiopian counterpart.
“In addition, we are keen to make use of Ezdan Holding Group’s long experience to boost the tourism sector”, the Chairman stated.
According to him, the Group has prepared a thorough study of the project in terms of its economic feasibility, location and uses.
“We expect this project to be completed as soon as possible in light of the swift response from the Ethiopian side in facilitating the procedures and overcoming challenges that may face the implementation of the project”, he pointed out.
Ethiopia is an important investment destination in Africa, where there are many major investment opportunities, it observed.
The Ethiopian side was represented at the Doha signing ceremony by Mayor Deriba Kuma, Communications Affairs Minister Dr. Negeri Lencho, Ambassador Mesganu Arga Moach, and Directorate- General of Middle East Affairs at Ministry of Foreign Affairs, Suleiman Dedefo.