Ethiopian and AAICEC Sign Equity Investment Agreement to Establish an International Convention Center
Addis Ababa, 17 August 2023
Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’s largest airline, and Addis-Africa International Convention and Exhibition Centre (AAICEC), signed equity investment agreement to establish an international convention center in Addis Ababa that will host multiple business events.
The center being built and named AAICEC, will be one of the major national projects with the objective of transforming the image of the country. Ethiopian is participating in this project through equity investment to boost conferences, tourism, and trade in our country.
After the signing, Ethiopian Airlines Group CEO Mr. Mesfin Tasew said, “We are truly pleased to be part of yet another initiative that would boost our country’s tourism, trade and investment. Playing a catalyst role as an aviation ambassador from its inception, Ethiopian has been promoting Ethiopia across its destinations. We have embarked on Ethiopian Skylight hotel and tourism projects with the aim to boost the country’s tourism sector. Now, embarking on this equity investment with AAICEC, we have ascertained our commitment to deepen our role for the proliferation of tourism. We are glad to be part of this major national project that will increase our country’s visibility as an international conference and exhibition center.”
The center is believed to increase conference tourism in Ethiopia by offering convenient tourism services. The project, which lies on an area of about 70,000 sq. m, is estimated to be completed by the end of the first half of 2024 encompassing indoor and outdoor exhibition venues, multi-purpose halls, conference center, auditoriums, office space, shops, restaurant and café and children’s playground among other facilities.
Addis Ababa, the city where AAICEC will be built, is Africa’s political capital city, home to the headquarters of the African Union (AU), and the United Nations Economic Commission for Africa (UNECA). Ethiopian avails seamless connectivity from its major hub, Addis Ababa, to more than 134 destinations across five continents deploying more than 145 ultra-modern aircraft.
About Ethiopian
Ethiopian Airlines Group (Ethiopian) is the fastest-growing airlines brand globally and the continent’s largest airline brand. In its seventy-seven years of successful operations, Ethiopian, the fastest growing airline, has become one of the continent’s leading carriers, unrivalled in efficiency and operational success. In addition to its main hub in Addis Ababa, Ethiopia, it is also pursuing its multi-hub strategy through a hub in Lomé, Togo with ASKY, in Lilongwe, Malawi with Malawi Airlines and in Lusaka, Zambia with Zambia Airways. Ethiopian commands the lion’s share of the African passenger and cargo network operating the youngest and most modern fleet to more than 150 domestic and international passenger and cargo destinations across five continents. Ethiopian’s fleet category consists of ultra-modern and environmentally friendly aircraft such as Boeing 737s, 777s, 787s, Airbus A350-900 and Bombardier Dash 8-400 double cabin with an average fleet age of seven years. In fact, Ethiopian is the first airline in Africa to own and operate most of these aircraft.
Having achieved its strategic plan (Vision 2025) ahead of time, Ethiopian is currently implementing a 15-year strategic plan called Vision 2035 that will see it become one of the top 20 most competitive and leading aviation groups in the world by providing safe, secured, market driven and customer focused Passenger and Cargo Transport and Logistics, Aviation Training, Airport Management and Ground Services, MRO and Aerospace Manufacturing and Travel and Tourism Services. As a multi-award-winning airline, Ethiopian has been the champion in various coveted awards including Skytrax’s ‘Best Airline in Africa Award’ for six consecutive years among others. The airline has been a Star Alliance member since 2011 and has been registering more than threefold growth in the past 10 years.
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