President Buhari Woos Potential Investors In Dubai

Channels Television  
Updated April 8, 2019

 

 

President Muhammadu Buhari Monday met with six different groups of investors at the sidelines of the Annual Investment Meeting in Dubai, United Arab Emirates.

According to a statement by his media aide, Femi Adesina, the president had a message for all those he met.

“Come to Nigeria and prosper. Come and have handsome returns on your investments, within the shortest possible time,” the President told the groups.

In a brief review of those who the President met, Femi Adesina said: “Sheikh Ahmed Al Maktoum is a member of the Dubai ruling family. He is also a private investor and member of several boards of companies, both state-owned and private. He is interested in establishing a power plant in Lagos, and studies have already been completed.

“Lulu Group operates a chain of supermarkets in the Middle East and Asia. Mr. Yusuff Alli, Chairman of the group, told President Buhari that the outfit, with headquarters in Abu Dhabi, has over 164 supermarkets and shopping malls. It employs over 50,000 people.”

Adesina noted that the interest of the group is to work with Nigerian farmers, using local produce to ensure food security. Quality, affordability, and hygiene are the watchwords of the company.

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HE President Muhammadu Buhari held a series of meetings with some of the top-tier businessmen in the UAE from the Energy, Infrastructure, Property Development, Hotels, Hospitality, Food Processing, and Retail sectors.

HH Sheikh Saif Bin Zayed Al Nahyan Deputy Prime Minister and Minister of Interior of the UAE with HE Muhammadu Buhari President of the Federal Republic of Nigeria, HE Evo Morales President of Bolivia and HE Rustam Minnikhanov President of the Republic of Tatarstan at the #AIM2019

“Also in the bilateral meeting with President Buhari was Sheikh Hussain Al Nowais, Chairman of Amea Power. The company develops, owns, and operates thermal and renewable energy projects in Africa, the Middle East, and Asia. Its wide range of power solutions include conventional – gas, coal, oil, and renewable – solar, wind and hydro.

Apart from power, the company, which owns Rotana Hotel chain, is also interested in the hospitality sector in Nigeria.

Also on cue was Sheikh Ali Rashid Lootah, Chairman, Nakheel Properties and Limitless Group.

One of the world’s leading developers and a major contributor to Dubai’s real estate transformation, the company’s current and future retail project portfolio covers nearly 17 million square feet of leasable space. They are keen to expand their investments in Nigeria.

Sheikh Khalid Bin Kalban is the CEO of Dubai Investments. His meeting with the Nigerian president centred around real estate, processing industries, mergers and acquisitions, health care, education, and financial investments.

Abu Dhabi Fund for Development (ADFD) has supported over 66 projects in 29 African countries. They include rural solar power and water projects, and that was the focus of the discussion, as Sheikh Mohammed Saif Al Suwaidi, the CEO, met with President Buhari.

The bilateral sessions were not concluded, till the Nigerian president had met with Mr Jitender Sachdeva, CEO Skipperseil Group. An integrated energy company with operations in the manufacturing of substation equipment, discussions were on engineering processing, construction of transmission lines and substations for utilities, institutions, and industries.

The company’s CEO expressed delight at meeting with President Buhari, and looked forward to doing good business in Nigeria,” Adesina’s statement further read in parts.







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