Prime Minister Calls from Dubai to Discover Mauritania and Seize Promising Investment Opportunities

The Prime Minister, Mr. Mohamed Ould Bilal Massoud, confirmed the readiness of Mauritania to cooperate and create fruitful partnerships with everyone in a state of security and stability.

The minister highlighted in his speech, Tuesday in Dubai, when supervising the launch of the activities of the National Day of Mauritania at the Expo 2020 Dubai, that thanks to the coordinated efforts led by His Excellency the President of the Republic, Mr. Mohamed Ould Cheikh El Ghazouani, Mauritania was able to manage the Covid19 challenges and to adopt urgent plans and measures to protect its citizens.

He clarified that Mauritania recorded with satisfaction the level, effectiveness, and broadening of the scope of solidarity between countries in the bilateral and multilateral frameworks.

He added that the Mauritanian government has developed a broad investment program of approximately 10% of the gross domestic product, and its implementation extends for 30 months, based on a multi-sectoral national response plan in order to mitigate the impact of the pandemic on citizens and economic actors.

The following is the full text of the Prime Minister’s speech:

“In the name of God, the Most Gracious, the Most Merciful, and May God’s peace and blessings be upon His Noble Prophet

Mr. Cheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence in the sisterly United Arab Emirates.

Excellency Ministers,
Ladies and Gentlemen,
Dear attendees,

The first three months of this exhibition imprinted in the minds of the world a picture of the brilliant success in raising the challenge of the complex health situation and confronting it with the weapon of ingenuity, innovation, discipline, and responsibility.

We take the opportunity of this business forum to shed light on the qualifications of our productive sectors. That is why Mauritania is present with you today, represented by its public sector, and with the distinct participation of its private sector, to meet with investors from the sisterly United Arab Emirates and from the world, to review the available investment opportunities of quantity and quality in Mauritania.

Dear attendees,

Thanks to the coordinated efforts led by the President of the Republic, His Excellency Mr. Mohamed Ould Cheikh El-Ghazwani, we were able to face the challenges posed by the pandemic, and we took the initiative to adopt urgent plans and measures to protect our citizens, and we registered with satisfaction the level, effectiveness, and broadening of the scope of solidarity between countries in the bilateral and multilateral frameworks.

The Mauritanian government has developed a broad investment program of approximately 10% of the gross domestic product, the implementation of which extends for 30 months, based on a multi-sectoral national response plan in order to mitigate the impact of the pandemic on citizens and economic actors.
We have learned from this ordeal that we need to rethink all of our economies to arrive at an effective model whose goal is sustainable and inclusive growth, and driven by national and foreign direct private investment.

Attracting more foreign direct investment to Mauritania will be an essential element of our industrial acceleration plan in the coming years, while our focus is currently on productive sectors such as agricultural manufacturing, animal production, and fishing. The time has come to transform local capabilities into value that produces capital, creates job opportunities, and improves the country’s infrastructure significantly.

We aspire to make 2022 a year of crystallization of many major projects, including new infrastructure and structural projects with partnerships between the public and private sectors, several vital projects, which will be reviewed during this forum.

Gentlemen and ladies,
Honorable attendees,

The Mauritanian field has always been a corridor and stable for convoys and scientific missions from West Africa to the Mechregh Arab, and from the north of the Sahara to its south; it is a preferential advantage that Mauritania still enjoys as a gateway to West Africa.

Our agricultural lands extend over 720 km on the river bank, our coasts and beaches of more than 700 km on the Atlantic Ocean, our huge reserves of minerals, and our promising wealth in the sectors of production and manufacturing, whether in fishing, agriculture, animal development, or tourism, as well as our capabilities. The enormous fields of energy with all its sources, particularly in the field of renewable energies and green hydrogen, are all fields for which we are looking for partners.

To achieve this goal as soon as possible, we have revised and updated the investment law to suit the development taking place in this field, and we established an agency charged with promoting investment. We also provide all the necessary guarantees for investors to protect their investments and provide them with appropriate incentives.

Excellency Ministers,
Dear participants,

I invite you to discover our country and seize the promising investment opportunities in it. I also assert our readiness to cooperate and create fruitful partnerships with everyone, in a state of security and stability.
Finally, I wish our forum success.

Peace and mercy be upon you’’.