Politics
HH Returns with 2.14 Billion US Dollar Commitments
President HAKAINDE HICHILEMA says his visit to the United Arab Emirates has...
By Justine Akakulubelwa
President HAKAINDE HICHILEMA says his visit to the United Arab Emirates has secured investment commitments worth 2.14 billion US dollars, with more deals expected to push the figure towards three billion dollars
Speaking at Kenneth Kaunda International Airport on arrival from the UAE, President HICHILEMA said the commitments cover health, agriculture, tourism and energy, including plans for a health city on a 100-hectare site near the airport.
He said the visit was aimed at strengthening partnerships that can attract private-sector investment and support Zambia’s economic growth.
President HICHILEMA said a small team has remained in the UAE to conclude additional transactions, with some deals expected to be finalised within the next two days
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He said the private sector will play a key role in the next phase of economic growth by creating jobs, expanding businesses and opening opportunities for local suppliers of goods and services.
The Head of State said increased economic activity will also increase Government revenue and provide more resources for free education, healthcare and support for vulnerable citizens.
President HICHILEMA said Government is working to reduce the cost of doing business, while inflation continues to decline as economic stability improves.
He has urged Zambians to support the growth agenda and work together to ensure that the benefits of economic expansion reach citizens.
President HICHILEMA said Zambia has lost valuable time through divisions and distractions and should now focus on increasing production and creating opportunities.
Source: Zambia24 — Read more
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