With the aim of encouraging new private investments in tourist attraction sites, the Government of Ethiopia has introduced a zero profit tax for new investments in hospitality sector near seven tourist attraction sites of the country. Initiated by Tourism Ethiopia, the private public partnership that has been promoting tourism industry of the country, said it has selected seven potential tourist attraction sites for investors, who can enjoy zero profit tax for five years. The seven destinations in Ethiopia which will benefit from the special investment incentives are located in Oromia, Tigray, Amhara, Afar, and South Region of Ethiopia, according to Sileshi Girma, Tourism Ethiopia Director General, who spoke to the state newswire, Ethiopian News Agency. Geralda Mountains in Tigray region, Simen Mountains National Park, in Amhara region, Nech Sar National Park, in Southern part, and Abiyata Shalla National Park, are among the selected areas for special investment incentives package. Developing the tourist attractions with world class facilities will enable the county to attract more tourists, according to Mr. Sileshi.

Source: Ethiopian News December 30, 2020 14:14 UTC