Saudi investors leave Ethiopia

December 10, 2013

Saudi agricultural investor has warned about the failure of Saudi agricultural investments in Ethiopia and the liquidation of businesses due to the conditions set by the [Saudi] Agricultural Development Fund (ADF) to support and lend to investors in Ethiopia.

This is not to mention the negative impact of such conditions on the process of correcting the situation of foreign workers in Saudi Arabia, including many Ethiopians. He revealed that some Saudi investors in Ethiopia have begun to sell their investments due to the impossible conditions set by the ADF for loans, in addition to the lack of facilities to export their produce to Saudi Arabia.

Read more (al-monitor)