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President Hichilema banks on UAE for economic development

President Hakainde Hichilema says Zambia is ready to deepen ties with the United Arab Emirates UAE, adding that he is looking forward to the UAE to accelerate investments in Zambia.

President Hichilema encouraged the delegation to diversify its investment interests in many areas of the economy.

The Head of State emphasised that he wants to see bilateral talks translated into tangible investments and acceleration of actions.

“We have done a lot of talks and meetings now. I want tangible results, to translate these engagements into real investments, President Hichilema stated.

Meanwhile, Minister of Commerce Trade and Industry, Chipoka Mulenga, Minister of Technology and Science, Felix Mutati and Minister of Finance and National Planning Stumbeko Musokotwani lauded the engagements they conducted with the delegation.

And UAE Delegation Leader, Thani Bin Anmed AL Zeyoudi, who is also Minister of State for Foreign Affairs, said his team’s visit to Zambia reflects the cordial and strong bilateral relationship between Zambia and the UAE.

He pointed out that Zambia is UAE’s biggest trading partner in Africa.

The UAE Delegation Leader stressed that the UAE is interested to invest in Zambia’s economy such as mining, agriculture, tourism, transport, logistics and energy.

He added that the UAE aims to strengthen business ties with Zambia, promote development and investment in the country.

“We want to support Zambia’s industrialisation agenda through investing in many areas of the economy,” he stated.

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