The DRC signs a memorandum of understanding with the United Arab Emirates for a1 billion USD investment
Prime Minister Jean-Michel Sama Lukonde Kyenge chaired, in his office, at the Primature, this Saturday, September 17, 2022, the signing ceremony of a memorandum of understanding between the company Primera Group Limited, an Emirati consortium, who represented the private sector of the United Arab Emirates and the Congolese government, represented by the Ministry of Mines, to strengthen and increase bilateral trade between these two countries.
It is the concretization of the agreements concluded between His Highness, the President of the United Arab Emirates, Sheikh Mohamed ben Zayed Al Nahyan and the President of the Republic, Félix-Antoine Tshisekedi Tshilombo during his visit in October 2021 to Abu Dhabi.
The amount of these exchanges has yet to be determined.
Nevertheless, it should be noted that the protocol signed today concerns an investment of 1 billion US dollars. This memorandum of understanding is a new step for the launch of future Emirati investments in the Democratic Republic of Congo.
Speaking to the press, Salem Aljaberi, charge d’affaires (in charge of preparing for the opening next November) of the United Arab Emirates embassy in Kinshasa, said that over the next year, many companies from the private sector of the United Arab Emirates will be jostling at the gates of the Democratic Republic of Congo to invest in the fields of Agriculture, Mining, and renewable energies.
According to him, the opening of the embassy of the United Arab Emirates in Kinshasa, next November, will constitute the opening of a new page in the relations between the two countries so that there is much more investment. over the next year. This memorandum of understanding is, in fact, signed with the idea of strengthening and increasing bilateral trade between the two countries.
