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President Sisi calls for Egyptian industrial zones in Ethiopia

Staff writer ▼ | March 26, 2015
President Abdel El-Fattah El-Sisi called on Egyptian businessmen to establish their own national industrial zones in Ethiopia during his visit to the country on Tuesday, Ahram Arabic reported.
Abdel Sisi
Africa   During a meeting with Egyptian businessman in Addis Ababa
During a meeting with Egyptian businessman in Addis Ababa, the Egyptian president also revealed that he is looking forward to linking both countries with a new highway and sea route to facilitate the transport of products and lower the prices of certain goods.

"We hope this will lower the price of meat in Egypt," El-Sisi said during the meeting.

Ethiopia is one of the main exporters of meat to Egypt where it is relatively expensive.

El-Sisi stated on Tuesday that Egypt and Ethiopia were conducting talks to overcome the "uncomfortable" status between the two countries. He also announced plans to establish an Egyptian- Ethiopian commission aimed at increasing cooperation both nations.

No less than 40 Egyptian companies were given the permission to invest and begin projects in Ethiopia.

The meeting with Egyptian businessmen in Ethiopia was attended by Ethiopian Prime Minister Hailemariam Desalegan.