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President Conde urges UAE's businesses to tap Guinea's investment opportunities

posted on 05/11/2012: 2604 views



Guinean President Alpha Conde on Sunday urged the UAE's companies to expand investments in Guinea's oil and gas, energy, agriculture, infrastructure and industrial sectors.

Conde stressed that Guinea is ready to provide all facilities for investments from the UAE, noting that the investment climate in his country is favorable as the government provides big incentives to attract foreign investments.

The Guinean president made his remarks at a meeting with Chairman of the Federation of UAE Chambers of Commerce '&' Industry (FCCI) and Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI) Mohammed Thani Al Rumaithi and other senior officials.

Conde also said the long-term supply agreement signed by Guinea's Compagnie des Bauxites de Guinee (CBG) and Abu Dhabi's Mubadala Development Co. for bauxite, the main raw material in aluminium, will expand cooperation and open up new venues for Emirati and Guinean companies.

For his part, Al Rumaithi said ADCCI, upon directives from President His Highness Sheikh Khalifa bin Zayed Al Nahyan His Highness Gen. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is interested in bolstering cooperation with Guinea. - Emirates News Agency, WAM

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