Qatari Group to Open Real Estate Venture

Qatari Group to Open Real Estate Venture Hailemariam Desalegn

Prime Minister of the Republic of Ethiopia H.E. Hailemariam Desalegn has received in his office in the capital Addis Ababa the Chairman of Ezdan Holding Group H.E. Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, and his accompanying delegation to deliberate on investment opportunities available for Qatari businessmen. The meeting predominantly tackled a project proposed by Ezdan Holding Group to establish a multipurpose realty project in a premium location at the heart of the Ethiopian capital Addis Ababa.

H.E. Prime Minister of Ethiopia presented a slew of investment opportunities available in Ethiopia, stressing the great support his government is keen to provide for the proposed project to thrive and to be able overcome any obstacles or challenges it may encounter. He also directed competent officials of his government to immediately coordinate with members of the Qatari delegation in order to put the project into operation at the earliest. H.E. Ethiopian PM hailed the strong bilateral ties between the two countries at all levels, particularly at the economic level, noting that Ethiopia is one of the most vibrant countries on the African continent that enjoy proper investment climate and that has many potentials and suitable conditions for optimistic and lucrative investment opportunities.


On the other hand, Mayor of Addis Ababa His Excellency Diriba Kuma received H.E. Sheikh Dr Khalid bin Thani and his accompanying delegation at his office in City Hall, where he made a detailed presentation about the project’s site, through showing maps and satellite photos of the location, pointing out to the importance of the site as a key commercial hub at the heart of the capital. After exhibiting the maps and illustrations, Mayor Diriba Kuma accompanied H.E. Sheikh Dr. Khalid bin Thani and his accompanying panel on a field visit to the project site in Addis Ababa, with the aim to have a closer idea of the situation of the site for the time being.

For his part, HE Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani praised Ethiopian officials for the cordial reception and generous hospitality accorded to them. He also commended the keenness of the Ethiopian Government officials, led by H.E the Prime Minister and concern they have expressively demonstrated to support and promote investment opportunities and pave the way for businessmen from various categories and sectors to establish promising projects that will boost and stimulate the Ethiopian economy and contribute to the active renaissance witnessed by the Federal Democratic Republic of Ethiopia at all levels.

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Dr. Khalid Al Thani explained that Ezdan Holding Group will intensify its efforts and potentials in the coming period, in cooperation with H.E. Mayor of Addis Ababa City on the project site, which is intended to be a powerful motive, and the first of the Qatari projects in the Ethiopian market. The project features a top-notch technical specifications in terms of facilities and services, which will evidently contribute in raising the quality of real estate products available in the Ethiopian market.

On the Qatari Ethiopian relations, H.E. Dr. Khalid emphasized that, during his previous and current visit to the Federal Democratic Republic of Ethiopia, he managed to meet with a large number of Ethiopian government officials and leaders, led by H.E. the Ethiopian President and his H.E. Prime Minister. He noted that throughout these meetings, he confidently felt the Ethiopian’s tremendous eagerness to encourage and attract Qatari investments to the country, especially that the Qatari economy enjoys resilience and power, the fact that contributed to reinforce the presence of Qatari businessmen and encourage them to explore new investment opportunities beyond the country's borders. In this context, meetings focused mainly on ways of bilateral cooperation to establish new projects in realty and health care sectors.

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In a statement, Chairman of Ezdan Group Holding pointed out to the support and attention the business sector received from the Qatari government overseas, under the wise leadership of His Highness Sheikh Tamim Bin Hamad Al Thani, the Emir of Qatar, laying emphasis on the vision of His Highness, which has contributed to creating optimistic opportunities for Qatari investors to implement promising projects of significant economic and social returns in different emerging economic systems.

The bilateral was attended, on the Ethiopian side, by the Mayor of Addis Ababa City H.E. Diriba Kuma, the Ethiopian ambassador to Qatar H.E. Mesganu Arga Moach and a line-up of senior officials in the Ethiopian government. While members of the Qatari delegation who attended the meetings included CEO of Ezdan Holding Group Mr. Ali Mohammed Al-Obaidli, CEO of Medicare Group Mr. Khaled Mohammed Al-Emadi , CEO of SAK Holding Group Engineer Hesham Al-Sehtari, the Second Secretary at the Qatari embassy to Ethiopia Mr. Nawaf Atiq Al-Kuwari, and the Third Secretary at the Qatari embassy to Ethiopia Mr. Nasser Salman Al-Malik.

 

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