The MoU was signed by the EIC and the Pakistani Investor and representative of the Pakistani investment and trade delegation, given the favorable investment climate in Ethiopia and the vast technological and work experience of Pakistani entrepreneurs. The MoU comes as part of the Pakistani trade delegation visit and a keen interest in establishing a company in Ethiopia and increasing its presence in the African market.
The envisaged projects aim to establish investment projects in the pharmaceutical, and packaging products manufacturing in Kilinto and Bole Lemi industrial parks and the development of the Pakistani-Ethiopia Friendship Industrial Park planned to be built with a capital of $100 million and anticipated to attract investments in various manufacturing activities.
Speaking at the signing ceremony, H.E. Commissioner Lelise Neme reaffirms the commitment of the government to strengthen Pakistan’s investments in Ethiopia and indicated the significance of the MoU signing towards establishing a long-term collaboration between EIC and Pakistani investors.