As a result, there is a growing demand among Gulf countries to lower their dependence on oil revenue and diversify their economies. On the other hand, Ethiopia has offered wide investment opportunities for Gulf countries in the areas of agriculture, energy, health care, tourism and hospitality sectors which are crucial for the latter to achieve their goals of economic diversification. Yet, this is insignificant when compared with Ethiopia's untapped investment opportunities and the desire Gulf countries have shown for investing in the former. Dr. Fikru agrees with Zemedeneh, he states Ethiopian embassies and consulate generals in the region need to extending trade missions that would have a role to aware Gulf investors country's untapped investment opportunities. Signing investment protection and promotion agreements, promoting country's investment opportunities and improving agricultural exports quality are measures the government should strengthen to create the much desired synergy between Ethiopia's economic opportunities and the Gulf's huge capital, the experts underscore.

Source: Ethiopian News August 30, 2017 16:18 UTC