Ethiopia And The Arab Countries Essay

970 Words4 Pages
Ethiopia is the most nearest country for the Gulf States and it needs to do more for attracting countries like this small and richest country of the world. 4.2.3 Gulf Countries’ Investment in Ethiopia The Gulf member countries are investing in Ethiopia despite their volume of investments is not that much as expected as compared to their proximity to Ethiopia and the historical bondage. It needs from the authorities of foreign investment more promotion for the coming future to pave the way for more investment coming from Gulf Arab Countries and other investors. The following Table shows the Gulf Arab Countries investment comparing with all of foreign investments in Ethiopia. Table 4.5. Summary of comparing all foreign investors’ investment in Ethiopia with Gulf Countries. Sector All foreign investors Three of the Gulf Countries No of project operation Capital in '000 ' Birr No of project operation Capital in ‘000’Birr Agriculture, hunting and forestry 828 271 9.36 123 26 7.40 Electric 4 1 0.04 0 0 0 Manufacturing 2333 1,060 68.26 137 60 80.84 Mining 31 18 0.63 5 4 2.10 Education 120 54 0.42 10 6 0.39 Health 105 55 0.52 14 6 0.51 Hotels and restaurants 296 126 1.91 11 2 0.79 Transport, storage and communication 131 65 0.25 9 1 0.03 Construction 979 586 6.94 45 21 1.50 Construction and ground water 384 161 10.99 29 13 5.63 Other 87 55 0.73 5 4 0.84 Grand Total 5298 2452 100 388 143 100 percent 100 46.28 7.32 2.70
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