Prince Fahad Bin Mugrin Bin Abdul Alziz Al Saudi, who is also the owner of Recon International Africa, expressed his interest to invest in the Agricultural and infrastructure sectors of Ethiopia.
Business delegation led by him met with Prime Minister Hailemariam Desallegn on Tuesday, March 3, 2015 and discussed about investment plans.
After holding the talks with the Primer, the Prince said factors that encouraged him to look towards Ethiopia are its abundant agricultural resource and its favorable investment conditions.
He furthered he is keen to invest in the airport expansion project, railway construction, mining, hospitality and molls
Hailemariam on his part extended his appreciation that the company is planning to invest in Ethiopia. He noted Saudi Arabia is among the leading investing countries in Ethiopia.
Source: Walta Information Center