President of the Republic chairs Third Meeting of Supreme Investment Council
Nouakchott
His Excellency the President of the Republic, Mr. Mohamed Ould Cheikh El Ghazouani, chaired the third meeting of the Supreme Investment Council in Mauritania on Tuesday morning at the International Conference Center – Mokhtar Ould Daddah in Nouakchott.
At the beginning of the meeting, the Council reviewed the implementation of the recommendations in its last meeting and the measures taken to promote investment opportunities in the areas of transparency and administrative efficiency, improvement of the business climate, improvement of road, port, and telecommunications infrastructure, the regulatory framework for small and medium-sized enterprises, access to finance for small and medium-sized enterprises, the provision of skilled labor, access to sectoral data, and the implementation of the local content law, in addition to the measures taken in the area of tax concerns.
The Council aims to contribute to the establishment of a competitive, diversified economy opened to the private sector and capable of creating jobs and added value to accelerate progress in improving the business climate and supporting the competitiveness of the economy, provide an appropriate framework for consultation between the public and private sectors, contribute to promoting investment opportunities by identifying measures that stimulate and facilitate investment, and participate in the design and monitoring of the implementation of all legislative, regulatory, administrative, and institutional reforms aimed at promoting investment in the country and improving the competitiveness of its economy.
The Council’s membership includes employers and owners of foreign companies with experience in investing in Mauritania, Mauritanian employers, owners of major companies active in various economic sectors, representatives of professional organizations interested in investment opportunities and conditions in Mauritania, and some figures with professional experience and personal reputation in the international business world.
The meeting was opened in the presence of the Prime Minister, Mr. El Mokhtar Ould Djay, the Secretary General of the Presidency of the Republic, Mr. Moulay Ould Mohamed Laghdaf, the Minister in charge of the Office of the President of the Republic, Mr. Nani Ould Shrougha, the Minister of Justice, Mr. Mohamed Ould Esouidat, the Minister of Economic Affairs and Development, Mr. Abdallah Souleymane Cheikh Sidia, the Minister of Digital Transformation and Modernization of Administration, Mr. Ahmed Salem Beda Etvagha, the Minister of Energy and Petroleum, Mr. Mohamed Ould Khaled, the Minister of Industry and Mines, Mr. Thiam Tidjani, the Minister of Fisheries and Maritime and Port Infrastructure, Mr. Mokhtar Ahmed Bousseif, the Minister of livestock, Mr. Sid Ahmed Ould Mohamed, as well as the President of the National Union of Mauritanian Employers and a number of national and foreign investors.