….and holds talks with UAE’s Crown Prince

Prime Minister Hailemariam and his delegation held a series of meetings with UAE leaders during the visit to Abu Dhabi. On arrival on Friday (December 2), the Prime Minister was received at the Presidential Airport by Sheikh Sultan bin Tahnoon Al Nahyan, Member of the Executive Council, and other officials. Later, he met Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and held discussions on expanding the horizons of cooperation between the two countries. The Prime Minister's Special Envoy, Ewnetu Bilata said later that the discussions focused on boosting cooperation in investment, trade and tourism so as to build relations based on mutual benefit. In addition to boosting bilateral ties, the two sides also discussed issues related to peace and stability in East Africa. They stressed the need for enhancing their respective role in ensuring lasting peace in the region.

Ethiopia's Minister of Foreign Affairs, Dr. Workneh Gebeyehu, met with Sheik Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International cooperation of UAE, during which the two sides discussed bilateral ties and explored ways of enhancing cooperation between the two countries as well as exchanged views on current regional and international developments of mutual concern.

Ethiopia and UAE concluded discussions and signed an agreement on reciprocal promotion and investment protection. This is expected to significantly boost bilateral trade volume and investment flows. Investment officials from both countries signed the agreement on Saturday (December 3). The Director General of the Ethiopian Investment Commission, Fitsum Arega, said that although guarantees for protection of investments were already established in Ethiopia's investment law, bilateral agreements of this kind further encouraged companies to invest in the country. The Commissioner said UAE investors were already interested in investing in the hospitality industry, in agriculture and agri-industrial food areas. He said the conclusion of the agreement will bolster their engagement in these areas.

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