President Rupiah Banda has said his government will at no time discriminate against any foreign or local investors wishing to invest in Zambia.
And President Banda has called on investors to invest in the country because of the enabling investment climate put in place by Government through the Ministry of Commerce, Trade and Industry.
Mr. Banda says the principal law governing the development of multi-facility economic zones and industrial parks does not discriminate against any investors.
Mr. Banda was speaking in Lusaka yesterday when he officially launched the 104 hectare multi-dollar Roma Industrial and Commercial Park.
“The principal law governing development of multi-facility economic zones and industrial parks does not discriminate between foreign and local investors. It is my conviction that multi-facility economic zones and industrial parks should cater for both local and foreign investors.
“All investors both local and foreign will have equal opportunities to invest in any of the zones being developed in the country,” Mr. Banda said.
The Park originates from Russia and is aimed at diversifying investment and development opportunities in eight other African countries including Zambia.
[pullquote]“All investors both local and foreign will have equal opportunities to invest in any of the zones being developed in the country,” Mr. Banda said.[/pullquote]
The Roma Park which is a joint venture between foreign and local enterprises will have its own commercial and residential units, shopping mall, office complex, ware house and filling station.
Others are 400 houses, 20 office building, and 30 ware houses and will create over 4,000 jobs.
Mr. Banda said it is imperative that Zambia promotes activities that have a scope for private sector development to accelerate economic growth.
He disclosed that Zambia has greatly benefited from a number of new investment developments this year which demonstrates that the country has an international appeal as an investment destination.
The President thanked the shareholders of Roma Industrial and Commercial Park for taking a bold step of investing in Zambia.
“I take this opportunity to urge others who have not yet decided to quickly make up their minds as Zambia is now becoming a choice for investment,” President Banda said.
And speaking earlier, CPD Properties and Renaissance Development Manager for Africa Arnold Meyer commended President Banda’s administration for setting up a conducive environment for investors.
Mr. Meyer said Zambia is a haven for not only peace but good investment in the sub-region.
And Communications and Transport Minister Geoffrey Lungwangwa said Zambia has under the leadership of President Rupiah Banda recorded massive economic development.
Professor Lungwangwa said the launch of Roma Park is clear testimony of government’s commitment to the transformation of Zambia’s economy and wealth creation.