Italy has committed 25 million euros to Ethiopia under its Mattei Plan to support job
\ncreation, economic growth, and sustainable development, as Italian companies expand
\ntheir presence at Big 5 Construct Ethiopia 2026 in Addis Ababa.<\/p>\n
The announcement comes during the April 23\u201325 exhibition at the Addis Ababa
\nInternational Convention Center, where more than 20 Italian companies are showcasing
\ntheir operations within the Italian Pavilion alongside international and local exhibitors.<\/p>\n
The initiative forms part of Italy\u2019s broader economic engagement with Ethiopia, where
\ntotal Italian investment has reached approximately 830 million euros.<\/p>\n
Italy designated Ethiopia as a priority country under the Mattei Plan, a framework aimed
\nat strengthening cooperation with African countries through development projects and
\neconomic partnerships.<\/p>\n
The 25 million euro commitment targets employment generation and supports Ethiopia\u2019s
\ndevelopment goals through investments across sectors including construction,
\ninfrastructure, manufacturing, textiles, agro-processing, and services.
\nAround 150 Italian companies currently maintain trade and investment ties with
\nEthiopian partners.<\/p>\n
The Big 5 Construct exhibition provides companies with access to public and private
\nsector projects and facilitates partnerships with local developers and decision-makers,
\nas Ethiopia continues market liberalization efforts to attract foreign investment and
\nposition itself as a regional business hub.<\/p>\n
Claudio Pasqualucci, trade commissioner at the embassy of Italy in Addis Ababa, said
\nItalian investments have primarily focused on infrastructure, construction, and agro-
\nindustrial sectors, which continue to align with Ethiopia\u2019s development priorities.<\/p>\n
He noted that ongoing urban development and infrastructure expansion are creating
\nopportunities for Italian firms to contribute to projects in the capital and across the
\ncountry.<\/p>\n
\u201cEthiopia is carrying out a vast array of economic and fiscal reforms which benefit the
\nsystem, for Ethiopian companies, for the Ethiopian economy, and for foreign
\ncompanies,\u201d Pasqualucci told The Reporter, pointing to improvements in the business
\nenvironment, including reforms that allow foreign investors to repatriate profits and
\nfacilitate international payments.<\/p>\n
He added that participation in the exhibition supports efforts to build joint ventures and
\nstrengthen partnerships with Ethiopian companies, particularly in construction and
\nurban development, as Italian firms seek to expand their presence through collaborative
\nprojects and long-term engagement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Italy has committed 25 million euros to Ethiopia under its Mattei Plan to support job creation, economic growth, and sustainable development, as Italian companies expand their presence at Big 5 Construct Ethiopia 2026 in Addis Ababa. The announcement comes during the April 23\u201325 exhibition at the Addis Ababa International Convention Center, where more than 20 […]<\/p>\n","protected":false},"author":64,"featured_media":50323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_plus_copied_stylings":"{}","ngg_post_thumbnail":0,"footnotes":""},"categories":[1960,2077,1945],"tags":[1959],"class_list":{"0":"post-50322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news-in-ethiopia","8":"category-frontline","9":"category-news-in-brief-latest-ethiopian-news","10":"tag-front"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/posts\/50322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/comments?post=50322"}],"version-history":[{"count":0,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/posts\/50322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/media\/50323"}],"wp:attachment":[{"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/media?parent=50322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/categories?post=50322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thereporterethiopia.com\/wp-json\/wp\/v2\/tags?post=50322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}