UAE ECONOMY MINISTER HOLDS MEETINGS WITH SENIOR ETHIOPIAN GOVERNMENT OFFICIALS

UPI 
3/18/2014

WAM XXX activities of Chamber in Ethiopia.

Mr. Al Nuaimi said that Julphar has received all the support of the Ethiopian government as it allocated land for the establishment of its plant and provided all possible facilities for its success considering it one of the most strategic long-term projects thanks to its contribution to bridging the gap between demand and supply of medicines needed by the people of Ethiopia.

He noted that the Ethiopian government’s pharmaceutical orders amounted to about 11 million dollars since it opened during the past year.

He further explained that the production capacity of Julphar in Ethiopia amounting to 15 million syrup bottles, 500 million tablets and 200 million capsules annually.

He revealed that the plant has a plan to produce 50 million injection and sterilized drugs by the end of next year.

Hassen Al Hashemi, Vice-President International Relations, Dubai Chamber, told Emirates News Agency, WAM, that the Office of the Chamber of Commerce and Industry (DCCI) in Ethiopia, which was opened in May last year, was a response to the request of its members who want to look for more investment opportunities to expand their activities and explore new and promising markets especially those close to the U.A.E. as the Ethiopian market.

He noted that the DCCI, which was founded in 1965 and is considered to be the largest in the Middle East in terms of the number of its members, opened its first office outside the country in the city of Baku, Azerbaijan in 2012.

Mr. Al Hashemi stressed that the Office is receiving good support from the Ethiopian side and the good relationship between the two sides contributed to the granting of Emirati businessmen incentives to invest in Ethiopia, such as the allocation of land for them to set up a joint industrial projects and facilitate trade in agricultural, animal and various fields.

Dr. Youssef Issa Hassan Al Sabri, U.A.E. Ambassador to the Republic of Ethiopia, hosted a dinner banquet at his residence last night in honour of Al Mansouri, attended by a large number of Ethiopian officials, Arab and foreign ambassadors and members of the U.A.E. delegation.

Dr. Al Sabri told WAM that the visit of the U.A.E. business delegation headed by the Minister of Economy is considered the most important economic event after the visit of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, to Ethiopia in March last year.

He expressed his hope that the meeting of Al Mansouri with Ethiopian officials, especially with President Mulatu Teshome, will result in a new impetus to encourage U.A.E. investors to take advantage of economic opportunities in Ethiopia, which has fertile lands, business features and agricultural and animal wealth as well as its geographical closeness to the markets of the United Arab Emirates .

WAM/Esraa/Moran


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