Ethiopia and the United Arab Emirates (UAE) have planned to build an oil pipeline linking Eritrea’s port city of Assab and Addis Ababa.
This was revealed today during a meeting between Prime Minister Dr Abiy Ahmed and Reem Al Hashimy, UAE’s Minister of State for International Cooperation.
During the meeting, the two sides also discussed ways to implement previously concluded investment agreements, which among others, include development of real estate and resorts.
The two countries also agreed to conduct a study to build an oil pipeline linking the port of Assab and Ethiopia.
After the discussion, Reem Al Hashimy told Fana Broadcasting Corporation (FBC) that the UAE is keen to exploit the investment opportunities available in Ethiopia.
The peace deal reached between Ethiopia and Eritrea is a good opportunity for the UAE to invest in Ethiopia, she added.
Reem Al Hashimy also delivered to the Ethiopian Premier a message of Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Sheikh Mohammed bin Zayed Al Nahyan, visited Ethiopia last June.
During the visit, the UAE pledged a total of 3 billion US dollars in aid and investments to Ethiopia.
SOURCE:FANNA & Horndiplomat