Ethiopia, East Africa’s most populous country and one of the fastest-growing economies in the world, is showing increased business potential as it seeks to become a strong player in Africa’s construction market.
Driven by the government’s investment in infrastructure, as well as steady development in the agricultural and service sectors, Ethiopia’s GDP is expected to witness a growth rate of about 7.8 to 10% by 2023. On the other hand, the government’s successful implementation of various policies has contributed to a noticeable increase in Foreign Direct Investment which amounted to a total of $11.3 billion in the past 3 years.
The construction sector continues to be a pillar of the Ethiopian economy fueled by an increase in infrastructure development. In fact, the construction industry in Ethiopia has recorded an 11.6% growth rate.
With numerous projects in the pipeline such as railway lines, highways, power plants, and industrial parks, Ethiopia’s construction and infrastructure sector offers immense trade and investment opportunities for international industry specialists as the country seeks to benefit from the transfer of valuable know-how and technology that it needs to further develop.
In response to apparent market demand and following its deep-rooted expertise in organizing construction exhibitions across the Middle East, IFP Group (International Fairs and Promotions) is expanding its “Project Series” portfolio into Africa with the launch of Project Africa – Ethiopia.
Project Africa – Ethiopia, the International Trade Exhibition for Construction Materials and Equipment for Africa, will be held from 2 to 4 July 2020 at the Millennium Hall in Addis Ababa, Ethiopia.
The exhibition provides a crucial international platform to access emerging trade and investment opportunities in Ethiopia’s robust construction market, explore upcoming construction and infrastructure projects, meet key decision-makers from the public and private sectors, and showcase products, equipment, and services to thousands of local and regional buyers.
Project Africa – Ethiopia also features a specialized B2B Matchmaking Platform to ensure participants meet the right potential business partners through facilitating face-to-face meetings with qualified buyers, distributors, and decision-makers.
For more information about Project Africa – Ethiopia, visit www.projectafrica-ethiopia.com