Ethiopia: Govt Committed to Transform Tourism

The Ethiopian Tourism Organization (ETO) said it is committed to transform the tourism sector through creating massive investment opportunities for developers and exploiting the untapped tourism potential of the country.

Ethiopian Tourism Organization Public and International Relations Director Getnet Yigzaw told The Ethiopian Herald that the Organization is endeavoring to attract and engage investors in the development of hotels and tourism industries in tourist destination sites.

Emphasizing that attractive investment package is arranged for investors who are interested to commence business in parks like the Semien Mountain National Parks, he added "Investors from Saudi Arabia and Israel are now showing interest to invest in the country in this regard"

The involvement of potential investors in the tourism sector would generate considerable benefits to the country and step up its economic growth. Getnet emphasized adding, the availed attractive incentives packages include grace period.

Accordingly, the nation has set a scheme to boost its tourism revenue and increase sector's share to its Growth Domestic Product (GDP) through utilizing more from its longstanding huge natural and man-made tourist destinations.

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Source: All Africa