Ezdan Holding announces project in Addis Ababa

31/01/2016 05:49 AST

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Ezdan Holding Group, said the Group will intensify its investment plans in Ethiopia.

Sheikh Dr Khalid announced the decision after his meeting with the Prime Minister of Ethiopia Hailemariam Desalegan at the prime minister’s office in Addis Ababa. Sheikh Dr Khalid and the accompanying delegation discussed investment opportunities for Qatari investors in various sectors in Ethiopia.

Ethiopian prime minister extended all support from his government to Ezdan Holding Group’s proposed luxury tourist resort project coming up at an estimated area of 150,000 square metres in the heart of Ethiopian capital Addis Ababa. The meeting focused mainly on ways of cooperation and bolstering bilateral relationships and long lasting strategic bonds in various sectors, especially industry, real estate and health.

Ethiopian Prime Minister hailed the strong relations between Qatar and Ethiopia at all levels. Sheikh Dr Khalid said Ezdan, in cooperation with the Municipality of Addis Ababa,will identify appropriate location for the project. Ezdan’s proposed project is the first Qatari project to come up in the Ethiopian market.

The resort project features a high-quality technical specifications in terms of facilities and services which will contribute in raising the quality of real estate products available in the Ethiopian market.

On the Qatari Ethiopian relations, Dr Khalid stated the Ethiopian side is tremendously keen to encourage and attract Qatari investments.

At the meeting, Ezdan Holding Group Chairman underscored the support that Qatar’s private sector receives from the Qatari government under the wise leadership of H H Emir Sheikh Tamim Bin Hamad Al Thani.

He stressed how the Emir’s vision contributed in creating positive opportunities for Qatari investors aiming to establishing new projects of high economic and social returns in various emerging economic systems.

The meeting was attended by Ethiopian senior officials and Ethiopia’s Ambassador to Doha, Misganu Arga.

The Qatari delegation included Qatar’s Ambassador to Ethiopia,Abdulaziz bin Sultan Al-Rumaihi, Ezdan Holding Group CEO, Ali Al Obaidli, SAK Holding Group CEO Hesham Al Sahtari, Ezdan Holding Group Board Member Ali Al Hashmi, Medicare Group CEO Khalid Al Emadi, Arab Engineering Bureau CEO Ibrahim Jaidah, Ezdan Holding Group’s Chairman Office General ManagervNusratAli Farooqi, and Ezdan Holding Group’s Director of Corporate Research & Analysis Mahmud Awada.

Sheikh Dr Khalid and his accompanying delegation also held talks with Mayor of Addis Ababa, Diriba Kuma.

The Peninsula