Zambia-UAE Forum Records 2.14 Billion Dollars In MOUs

President Hakainde Hichilema says Zambia remains open and ready for business and investment as the country seeks to accelerate economic growth under the Grow Zambia Agenda.

President Hichilema was speaking in Abu Dhabi during the Zambia-UAE Business Forum, held as part of his two-day working visit to the United Arab Emirates.

He said Zambia has much to learn from the UAE’s experience in using its natural resources to develop the economy and improve the living standards of its people.

The President said the Grow Zambia Agenda seeks to double the size of Zambia’s economy, resulting in increased revenue for public services, more jobs and greater opportunities for businesses.

President Hichilema said the Forum witnessed the signing of Memoranda of Understanding across various sectors, with a combined value of 2.14 billion US dollars.

He said Zambia also looks forward to signing a Comprehensive Partnership Agreement with the UAE to increase trade between the two countries.

President Hichilema said Government will continue prioritizing increased trade and domestic reforms aimed at attracting the investment required to grow the economy.

The President thanked UAE President and Abu Dhabi Ruler Sheikh Mohamed bin Zayed Al Nahyan for the invitation and reiterated Zambia’s readiness to deepen economic partnerships with the UAE.