Washington: President of Republic Oversees working Session Devoted to Presenting Investment Opportunities in Mauritania

On 16 December, in Nouakchott, His Excellency Mr. Mohamed Ould Cheikh El Ghazouani, the President of the Republic, supervised a working session devoted to the presentation of the investment opportunities that exist in Mauritania and the measures taken to improve the business climate in the country.
Introducing the meeting, the President of the Republic thanked the representatives of American investment establishments and institutions for their participation in this meeting to share data on the investment opportunities existing in Mauritania.
He added that investors are welcome in Mauritania and affirmed the government’s commitment and his personal commitment to accompany all foreign investments.
For their part, Messrs. Ousmane Mamoudou Kane and Abdessalam Ould Mohamed Saleh, the Ministers of Economic Affairs and Promotion of Productive Sectors and Oil, Energy, and Mines, highlighted the investment opportunities present in Mauritania such as the economic resources offered, the favorable business climate, and the incentive measures helping investors to carry out their economic projects in the best conditions.
On the sidelines of the meeting, the Minister of Economic Affairs and Promotion of the Productive Sectors supervised the signing of an agreement between the group of farmers of Boghe and the US “African agricultural” company intended for the development of commercial agriculture with an initial investment of $30 million and up to $500 million along the river bank, where the total area of developed agricultural land is expected to reach 500,000 hectares.
Organized by the Agency for the Promotion of Investment in Mauritania with the collaboration of the US-Mauritania Business Council, under the slogan “Mauritania, new investment prospects”, the meeting offers the opportunity to inform establishments and American and international institutions of the important progress achieved by Mauritania on the road to economic and social development, which gives it a privileged place as a coveted destination for investors.
During the working session, several important investment opportunities present in the country were exposed to the attendees; opportunities supported by a favorable business climate and measures granting advantages to investors, and instituting jurisdictions guaranteeing them the protection and securing of their assets.
The organization of this meeting comes on the sidelines of the US-Africa Leaders Summit, one of whose objectives is the strengthening of economic partnerships in the common interest of all parties, and this, through the creation of opportunities for employment and boosting inclusive and sustainable development, especially through increased US investment in African countries.