Namibian Stand Draws Lots of Attention in UAE

The 2014 Annual Investment Meeting (AIM) currently underway in Dubai drew a g 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 g 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 said.

Meanwhile, the Namibian stand drew a lot of attention, and was visited by several high ranking government officials and investors from various countries and companies, who showed interest in the desert country as a potential place to invest in. The meeting sees at least 120 countries, with an estimated 10 000 potential investors from across the globe, gathered here. It will come to an end today. The event was also attended by the vice-president of the United Arab Emirates and Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.

Nampa

Source : The Namibian