Ethiopia and South Korea have signed a Memorandum of Understanding for a cooperation framework on urban development and housing.Accordign to a statement by the government on Addis Ababa on Wednesday, the MoU was signed in Seoul Tuesday by Ethiopia’s Minister of Urban Development Mekuria Haile and Yoo Il-ho, Minister of Land, Infrastructure and Transport of South Korea.
Mekuria said the MoU will offer an opportunity for Ethiopia to draw lessons from countries which had previously embarked on the developmental model such as that of South Korea.
“This was particularly the case in areas of land and housing development and the preparation and implementation of urban planning… it would help to further sustain our path of renaissance and economic transformation� he added.
Mr. Yoo Li, Korea’s Minister of Land, Infrastructure and Transport referred to the historic relations between his country and Ethiopia describing it as strong.
Noting that Ethiopia is one of the fastest growing economies in the world and that it had extensive schemes for urban development and the housing sector, Mr. Yoo Li said South Korea was committed to extending its support in these sectors and provide knowledge and technology transfer and experience sharing.
Source: http://en.starafrica.com/
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