President of Republic Affirms Mauritania’s Commitment to Providing Stable, Transparent, Competitive Business Climate

His Excellency the President of the Republic, Mr. Mohamed Ould Cheikh El Ghazouani, emphasized the pivotal role of the Supreme Investment Council in Mauritania, noting that since its establishment, it has been instrumental in diagnosing the challenges and obstacles facing economic actors. The Council has also proposed effective solutions that have contributed to the implementation of major reforms aimed at transforming the national investment landscape. These include updating the Investment Code, simplifying administrative procedures, gradually digitizing processes, and strengthening mechanisms for supporting and financing small and medium-sized enterprises.

In a speech delivered during his chairmanship of the third meeting of the Supreme Investment Council, which took place today, Tuesday, at the International Conference Center – Mokhtar Ould Daddah, His Excellency further emphasized the significance of these reforms. He stressed that they reflect Mauritania’s commitment to providing a stable, transparent, and competitive business climate. He also reaffirmed the country’s determination to offer both national and foreign investors the conditions needed to foster innovation, growth, and meaningful contributions to Mauritania’s economic transformation.

Here is the full text of the President’s speech:

“In the Name of God, the Most Gracious, the Most Merciful,

Honorable Prime Minister, Esteemed Ministers, Distinguished Members of the Supreme Investment Council, Ladies and Gentlemen,

It is my great honor to preside over this third session of the Supreme Investment Council, and I warmly welcome all of you, particularly those who have traveled from abroad to join us today. Your presence speaks volumes about the importance of this consultative framework, which continues to enhance the Council’s role as one of the cornerstones of economic governance in our country.

As you are aware, since its creation, the Council has played a key role in diagnosing the challenges and obstacles facing economic actors. It has also proposed valuable solutions, contributing significantly to the implementation of important reforms within the framework of our national investment policy. These reforms include the updating of the Investment Code, the simplification of administrative procedures, the gradual digitization of processes, and the strengthening of mechanisms to support and finance small and medium-sized enterprises.

These reforms affirm the strength of our commitment to providing a stable, transparent, and competitive business environment. We are determined to create the right conditions to encourage both national and foreign investors, stimulating innovation and growth, and ensuring a meaningful contribution to the economic transformation of our country.

The significance of these reforms is further underscored by the rapidly changing international landscape. Global value chains are undergoing swift transformations, environmental pressures are mounting, and the need for an energy transition has never been more urgent. At the same time, the accelerating growth of the digital economy is reshaping competitive dynamics worldwide.

While these transformations pose significant challenges, they also present remarkable opportunities for nations that are able to adapt wisely and strategically. Mauritania, with its political and economic stability, its strategic geographical location, and its wealth of natural resources—including livestock, marine, agricultural, and mineral assets—has significant advantages that position it well to harness these opportunities.

Turning these advantages into tangible success requires strong coordination and consistent dialogue between the public and private sectors. The opinions, analyses, and proposals from this Council are essential in enhancing the effectiveness of the reforms we are undertaking, and in accelerating the structural economic transformation we aim for.

I assure you that we will give full consideration to the outcomes of this third session of the Supreme Investment Council.

With that, I officially declare this session open, and I pray for its success.

Thank you, and peace be upon you.”