Gambia seeks foreign investment

  1. Posted on Monday 15 March 2010 - 11:28
    Kemo
    Image of Kemo
    Kemo Cham, AfricaNewsreporter in Dakar, Senegal
    The Gambian government has embarked on a foreign investment attraction onslaught, eyeing the United Arab Emirates based Emirates Investment Group (EIG).
    Ulla_Gambia_06.jpg
    Gambian ambassador to the United Arab Emirates, Mambury Njie, has held talks with the chairman of the group, Sheikh Tariq Bin Faisal Al Qassimi, with the aim of enticing the group to explore investment opportunities Gambia has on offer.

    The Emirates Investments Group LLC is an investment company with interests in the Middle East and Asia Pacific regions. According to a statement on the group’s website, it offers business development opportunities, working closely with established companies through partnerships. With an initial focus on Financial Services and Real Estate, EIG expanded its interest with investments in Trading, Industry and Aviation.

    During the meeting, the Gambian representative to the UAE presented the group’s chairman with a range of investment opportunities in Gambia, according to AME Info.com, a UAE business information media. Ambassador Njie reportedly used the opportunity to introduce the new business laws introduced by the Gambia with the aim of attracting more international investments.

    Sheikh Al Qassimi acknowledged the viability of Gambia’s business environment, citing the reassuring opportunities the country’s new business laws offer.

    "Investors are always alert to fresh investment opportunities, and Gambia's new business laws, designed to encourage foreign investment, certainly could make the country an enticing prospect,’’ he was quoted by AME Info.com.

    Sheikh Al Qassimi told reporters that the Gambia government's focus on the sector of agriculture, among others, which he said is of interest to EIG, suggests that the West African nation is particularly promising.

    "The meeting went extremely well. As I stated in my meeting with Sheikh Tariq, Gambia has a lot to offer, and I am excited over the prospect of future cooperation with EIG," Ambassador Njie was quoted as saying.

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