During the first nine months of Ethiopian calendar started July 8, 2018, Ethiopia has attracted foreign direct investment of $1.83 billion. The investments are made by a total of 152 new foreign companies, according to Ethiopian Investment Commission. The sources of the foreign direct investments to Ethiopia include, China, Indonesia, Malaysia, Hong Kong, Saudi Arabia, Sirilanka, Korea, Egypt, Sudan and Norway. The nine months performance report of the Ethiopian Investment Commission (EIC) is presented to the parliament this week by Commissioner Abebebe Abebayehu. Saudi pipe systems Co. of Saudi is also registered to invest $5 million in production of pipes.

Source: News Business Ethiopia May 11, 2019 09:22 UTC