United Arab Emirate to play lead role investing in Zimbabwe Featured

Written by  Aug 13, 2019
"Zimbabwe is again open for business – I predict the bilateral relationship between our countries will grow to be three times greater than that of today in the near future,” stated United Arab Emirates (UAE) Ambassador to Zimbabwe, Mahash Saeed Salem Mahash Al Hameli.

The Ambassador was quoted while recently leading a high level delegation and participating at a handover ceremony of medical equipment donated to Zimbabwe’s Ministry of Health and Child Care at Harare Central Hospital. Republic of Zimbabwe President, Emmerson Mnangagwa, was on hand to host the event, commending the United Arab Emirates (UAE) in their initiative to not only donate over USD $2 million in equipment and medicines to Zimbabwe’s National Pharmaceuticals Company, NatPharm, but in also announcing the intent to establish a local pharmaceutical plant in Zimbabwe, which would help improve the delivery of medicines and medical supplies over the long term.

The investment, according to President Mnangagwa, will not only enable the Sub Saharan African nation to reach its goal of providing universal health coverage by 2030, as promised by his Administration, but alongside the UAE, will seek to fulfill an ongoing mission to return the former ‘breadbasket of Africa’ to prosperity.

UAE Ambassador Al Hameli suggested that the donation was in step with the United Arab Emirates’ 2017-2021 Investment Strategy to engage as a leading global partner in Africa; a milestone for Zimbabwe, in what is a major, cross-sector investment, to address Zimbabwe's present challenges and opportunities. The UAE hopes this will play a key role in Zimbabwe’s ongoing development.

“Our commitment to Zimbabwean investment is long-term, not only in the provision of aid, but in supporting the Zimbabwean economy, investing in trade opportunities, and working alongside Zimbabwean leadership to empower its communities," he stated.

The United Arab Emirates is already one of Zimbabwe’s leading trading partners. In 2017, Zimbabwe registered a trade surplus of USD $307.6m with the UAE and has recently been inviting UAE companies to invest in sectors such as mining, information and communications technology (ICT), agriculture, tourism, education, renewable energy technologies, infrastructure development and healthcare.

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