Japan construction company Maruyama Koumuten Co. Ltd is set to enter Ethiopian market.
This development was communicated when Ethiopian Ambassador to Japan Kassa Tekleberhan met with Taizo Yamamoto, the chairman of Maruyama Koumuten Co., Ltd, a construction company specialising in installing basement structures.
Ambassador Kassa told Taizo that Ethiopia has a favoUrable investment climate and opportunities for prospective investors in various sectors.
Ambassador Kassa in particularly elaborated on construction projects identified for a joint venture in Ethiopia’s ten-year transport perspective plan.
Taizo Yamamoto expressed his company`s keen interest to invest in exporting construction machinery to the Ethiopian market and to involve in basement construction.
The Chairman also expressed his company`s readiness to offer training opportunities for Ethiopians and transfer technological know-how to its specialized areas, according to the Ministry of Foreign Affairs.
Japan and Ethiopia have a long and friendly relations dating back to 1930s.
The relations have been strengthened by high level visits by ex-Prime Minister Hailemariam to Japan in 2013, former Japan Prime Minister Shinzo Abe in 2014, Deputy Prime Minister Demeke Mekonen in 2017, Minister of Foreign Affairs Taro Kono in 2017 and 2019, Prime Minister Abiy Ahmed in August 2019, and former Ethiopia President Mulatu Teshome in October 2019.
In May 2019, Japan’s Foreign Minister Taro Kono visited Ethiopia and held consultations with State Minister of Foreign Affairs, Ambassador Markos Tekle, and paid a courtesy call on Prime Minister Abiy Ahmed.
The two countries agreed to work together in promoting trade and investment and encouraging new areas of cooperation.