Chadian company officials: The UAE is an ideal destination for attracting investments
ABU DHABI, November 10, 2017 (WAM) – A number of Chadian institutional officials and businessmen participating in the UAE-Chad Trade and Investment Forum, held in Abu Dhabi, confirmed that the event represents a new starting point for economic relations between the two countries, and a strategic window towards enhancing trade and investment cooperation between Chad and the UAE, which contributes to advancing development in Chad and the African continent in general.
In an interview with the Emirates News Agency, WAM, they stated that the forum opens the door to strategic projects in various sectors to benefit from Emirati expertise and investments, pointing out that the UAE market, with its distinction of being a global market, is considered an ideal destination for attracting investments to the promising Chadian market.
Valmata Barma, director of Barma & Co in Belgium, and representative of the Diaspora Benelux group of Chadian communities abroad, said that her participation in the forum comes within the framework of the efforts of Chadian communities residing abroad to connect investors and businessmen with development opportunities in their country.
She explained that the Diaspora Benelux group works to facilitate the return of Chadian talent and attract capital from abroad to contribute to supporting the national economy.
She said: We are working to build bridges of communication between those living abroad and the people of the country, in order to implement investment and development projects in the fields of agriculture, energy, housing, and education.
She stressed that the forum provides an ideal platform for acquaintance between Emirati investors and Chadian communities abroad, paving the way for strong partnerships that support sustainable development in Chad and in Africa in general.
For his part, Adam Medela, founder and CEO of Developing Capital Corporation in Chad, stressed that the forum reflects the shared vision between the two countries to enhance economic cooperation and develop bilateral investments, noting that the UAE was and remains an important partner of Chad in supporting infrastructure, trade and energy projects.
Medela said that Chad is today opening its doors to foreign investments in all sectors, starting from agriculture and food industries, through renewable energy and mining, to modern technology and infrastructure.
He explained that the Chadian market is considered one of the most promising markets in Central Africa, as it possesses huge agricultural and livestock wealth, and fully unexploited natural resources, in addition to a geographical location that makes it a gateway to the markets of the African continent.
He said that the opportunities are many and the investments are few, which makes the Chadian market one of the best destinations for ambitious investments.
In the same context, Hajaro Alia, Head of Surveying and Real Estate Affairs at the Chadian company SOPROFIM, confirmed that her company’s participation in the forum aims to discuss opportunities for cooperation with Emirati real estate development companies, to implement modern residential and commercial projects within Chadian cities.
She said: We are interested in benefiting from the UAE’s expertise in the fields of urban planning, housing and infrastructure, and we hope that the partnerships built through this forum will contribute to supporting and developing residential and commercial projects in Chad, and providing the necessary funding for the establishment and growth of these projects.
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