AIM in Dubai draw a strong delegation from Namibian Trade and Industry Ministry

DUBAI: The 2014 Annual Investment Meeting (AIM) currently underway in Dubai drew a strong delegation from the Namibian Trade and Industry Ministry, as well as other government institutions and private businessmen and women.

During the opening ceremony on Tuesday, the United Arab Emirates’ Minister of Economy, Sultan Bin Saeed Al Mansoori said the idea of this conference is to bring together countries and investors to improve the lives of others.

“We believe that it’s through our joint efforts that we can build a better world to improve the lot of our people through great attractions and understanding, and develop new partnerships and investments”, he noted.

Al Mansoori also expressed his concern that once an investor starts operating in some countries, the conducive environment which initially drew the investor there, changes.

When approached by Nampa about Namibia’s investment climate, Deputy Trade Minister Tjekero Tweya – who is heading a strong Government and business delegation to Dubai – told Nampa that investors are looking for more than just a conducive environment to invest in.

“An investor looks at the predictability of a country’s political and economical situation, while he also looks at the socio-economic situation.

If I look at Namibia, we meet all the requirements for an investor, and yet we do not have all the investors we need. It is all about what the investor wants and needs”, Tweya explained.

Furthermore, conditions can be horrible in a country, but if investors need your uranium, they will come to your country.

The opposite is also true, he added.