If Sierra Leone’s economy is to grow by the 4% predicted by the World Bank in their latest country report, there must be a massive shift towards the expansion of production and export in key sectors of the economy. This can only come from foreign investors, who currently are guarding their wallets in response to the global economic downturn.
Last Monday, President Julius Maada Bio met various Qatari agencies, private companies, and potential investors in Doha, to woo foreign direct investors to Sierra Leone.
He said that “the resource-rich, peaceful and investor-friendly West African nation is offering great investment opportunities in different sectors of the economy,” adding that his government has created an appropriate environment for businesses to thrive through tax incentives and trade reforms that support the private sector growth.
President Bio also said that Sierra Leone is strategically located in terms of accessibility to markets in both Europe and Latin America because of the short distance by air transport.
“I am here to assure you that we have an open-door policy to ensure that foreign businesses thrive and repatriate profits to their home countries,” he said.
President Julius Maada Bio also said that part of his state visit is aimed at creating and improving trade and investment relations between Sierra Leone and Qatar, adding that he is encouraging representatives of private companies and investors to visit Sierra Leone to enable them to explore the many investment opportunities in the country.
First Vice Chairman of the Qatar Chamber of Commerce and Industry, Mohamed bin Ahmed Twar Al Kuwari, expressed hope that the president’s visit would create an opportunity to explore public-private partnerships in Sierra Leone.
Representatives of other private companies and Qatari agencies praised President Julius Maada Bio for the progress he has made in his country and assured him that various business delegations would visit Sierra Leone to explore investment opportunities.
President Bio also held meetings with representatives of the Qatar Chamber of Commerce and Industry, Qatar Diar, Qatar Investment Authority, Qatar Development Funds, Qatari Businessmen Association and several private companies, including the MBK Group and Hassad Food, an investment arm of the Qatar Investment Authority with a primary focus on agriculture.
Critics of president Bio say that this is not the first time he is visiting Qatar in search of foreign investments and that so far he has failed. They accuse the president and his wife of using State funds to have holidays abroad while pretending to be searching for investors that are yet to grace the shores of Sierra Leone.
Sierra Leone’s President Bio In Search of Qatari Investors To Help Turn The Country’s Economy Around
If Sierra Leone’s economy is to grow by the 4% predicted by the World Bank in their latest country report, there must be a massive shift towards the expansion of production and export in key sectors of the economy. This can only come from foreign investors, who currently are guarding their wallets in response to the global economic downturn.
Last Monday, President Julius Maada Bio met various Qatari agencies, private companies, and potential investors in Doha, to woo foreign direct investors to Sierra Leone.
He said that “the resource-rich, peaceful and investor-friendly West African nation is offering great investment opportunities in different sectors of the economy,” adding that his government has created an appropriate environment for businesses to thrive through tax incentives and trade reforms that support the private sector growth.
President Bio also said that Sierra Leone is strategically located in terms of accessibility to markets in both Europe and Latin America because of the short distance by air transport.
“I am here to assure you that we have an open-door policy to ensure that foreign businesses thrive and repatriate profits to their home countries,” he said.
President Julius Maada Bio also said that part of his state visit is aimed at creating and improving trade and investment relations between Sierra Leone and Qatar, adding that he is encouraging representatives of private companies and investors to visit Sierra Leone to enable them to explore the many investment opportunities in the country.
First Vice Chairman of the Qatar Chamber of Commerce and Industry, Mohamed bin Ahmed Twar Al Kuwari, expressed hope that the president’s visit would create an opportunity to explore public-private partnerships in Sierra Leone.
Representatives of other private companies and Qatari agencies praised President Julius Maada Bio for the progress he has made in his country and assured him that various business delegations would visit Sierra Leone to explore investment opportunities.
President Bio also held meetings with representatives of the Qatar Chamber of Commerce and Industry, Qatar Diar, Qatar Investment Authority, Qatar Development Funds, Qatari Businessmen Association, and several private companies, including the MBK Group and Hassad Food, an investment arm of the Qatar Investment Authority with a primary focus on agriculture.
Critics of president Bio say that this is not the first time he is visiting Qatar in search of foreign investments and that so far he has failed. They accuse the president and his wife of using State funds to have holidays abroad while pretending to be searching for investors that are yet to grace the shores of Sierra Leone.
