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Saudi investors eye Zambia
4:46 CAT | 09 Feb 2016
Agriculture Minister Given Lubinda.
The Riyadh Chamber of Commerce and Industry has expressed willingness to invest in the agriculture sector in Zambia.
Saudi Chamber of Commerce and Industry Board Member and Chairman of the Agricultural Committee His Excellency Mohamed Alhamadi said his organisation is interested in agriculture investments in Zambia.
Mr. Alhamadi says the Saudi businesses are looking for partnerships with Zambia’s public and private organisation to execute the organisation’s vision.
He was speaking when he welcomed Zambian businesses executives led by Minister of Agriculture Given Lubinda in the Kingdom of Saudi Arabia.
Mr. Alhamadi appealed to the Zambian government set conditions that will ensure the safety of Saudi investments in Zambia.
And Mr. Lubinda says Zambia appreciates the cordial relationship that exists between Zambia and the Kingdom of Saudi Arabia.
Mr. Lubinda however, expressed disappointment at the lack of progress between the private sector in Zambia and their counterparts in Saudi Arabia.
He said Zambia was looking for investors to help the country increase agricultural productivity so that it can meet the ever increasing food requirements for both local and regional.
Source: ZNBC
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