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Bilateral talks might lead to more investment from UAE

Bilateral talks might lead to more investment from UAE

Bilateral talks might lead to more investment from UAE

Staff Reporter

Sheikh Mohammed bin Zayed Al Nahyan, indicated that he will definitely explore more investment opportunities in Namibia after bilateral discussions between the President of Namibia, Dr. Hage Geingob and the crown prince of Abu Dhabi ended on a cordial note.
President Geingob visited Abu Dhabi on the invitation of the crown prince of the emirate to attend the Zayed Sustainability Prize Award Ceremony and Opening Ceremony for the Abu Dhabi Sustainability Week event.
State House described the visit to the emirate as a successful mission and stated that President Geingob and Sheikh Mohamed bin Zayed also held cordial bilateral talks on the margins of the event. 
“The two leaders committed to exploring ways to establish a Namibian Embassy in the UAE while the emirate will explore the possibility of supplying refined oil to Namibia. The Crown Prince also expressed interest in exploring for oil and gas in Namibia.” 
Namibia and the UAE already have a successful cooperation in the Al–Dahra Namibia project, a commercial date plantation established at Naute Dam in the //Kharas region in 2009. 
“Against this background, the Crown Prince of Abu Dhabi has developed the confidence and interest to further explore areas for economic cooperation. President Geingob has invited Sheikh Mohamed bin Zayed to visit Namibia.” 
According to State House the accompanying Namibian business delegation attended the business exposition and held meetings with UAE business persons and prospective investors in the sectors of energy, oil and gas, infrastructure, agriculture, tourism, technology and finance. 
President Geingob is expected to depart the UAE on 16 January 2019 from where he will travel to Addis Ababa in Ethiopia to attend a meeting where a SADC Double Troika will jointly convene to discuss the situation in the Democratic Republic of Congo. The double troika meeting will precede a consultative meeting with the African Union on 17 January 2019 on the same issue.

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