Abu Dhabi: Access to the sea is not only a national priority for Ethiopia but a great potential for the development of the entire region, UAE’s Anwar Gargash Diplomatic Academy Senior Research Fellow Bakardzhieva said. In an exclusive interview with ENA, Senior Research Fellow Damyana Bakardzhieva emphasized the transformative impact of Ethiopia gaining sea access on regional development.
According to Ethiopian News Agency, Bakardzhieva highlighted Ethiopia’s economic capacity to produce goods and services, which, when exported through regional ports, could exponentially increase port activities. The trade of Ethiopian products through these ports is projected to multiply port activities by tenfold, thus catalyzing economic activity and creating jobs throughout the region.
Bakardzhieva also underscored the importance of enhancing cooperation between the Gulf countries and the Horn of Africa, particularly through the strategic Red Sea and Gulf of Aden. She stressed that secure and efficient maritime routes a
re essential for reducing costs and travel times, which are vital for trade and logistics.
The senior research fellow pointed out the necessity of reinforcing regional stability and security to foster collaboration in strategic areas with the Horn of Africa. She noted the region’s substantial agricultural potential and suggested investments in technology, machinery, and training to boost food production capabilities.
Additionally, Bakardzhieva remarked on the Gulf region’s interest in diversifying energy investments beyond oil and gas, especially in the UAE. This diversification aligns with opportunities for cooperation with the Horn of Africa, which holds potential for various investment ventures.
The senior research fellow concluded by acknowledging ongoing investments in port infrastructure and connectivity, which are crucial for Africa’s broader development.