Mohammed Salem Al Rashidi, UAE Ambassador to the Federal Democratic Republic of Ethiopia, affirmed that the historical relations between the UAE and Ethiopia have witnessed remarkable progress over the past few years.
This reflects the distinguished friendship between the leaderships of the two countries, and the exchange of visits and meetings between President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Dr. Abi Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, and the expansion of cooperation in various fields and at various levels, which have enhanced relations and progress between the two nations.
Al Rashidi said in a statement to the Emirates News Agency (WAM), “The UAE is one of the key trading partners of Ethiopia, and trade exchange has witnessed steady growth in the past few years, as the Ethiopian Ministry of Trade estimates indicate that the volume of trade exchange between the two countries amounted to US$6 billion,” stressing that the number of UAE investment projects in Ethiopia is estimated at more than 113.
He added, “The UAE and Ethiopia are cooperating in the field of renewable energy, which is an area of common interest for the two countries, especially since the UAE is a major international leader in the field of clean energy.
The Ethiopian government seeks to implement its strategy to develop its renewable energy sector and the Abu Dhabi Future Energy Company, Masdar, signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants with a combined generating capacity of 500 megawatts.
Masdar previously signed a similar agreement with the Ethiopian government in March 2021 in Addis Ababa to develop solar energy projects in multiple locations in Ethiopia, advancing their efforts to diversify energy sources and achieve economic growth.—Zawya News
