UAE to invest in Kano
The United Arab Emirate’s Minister of Economy, Sultan Bin Sa’eed Al-Mansouri, has disclosed, during a meeting with Gov. Abdullahi Umar Ganduje of Kano State, who is currently in Dubai, that to enhance balanced growth and competitiveness, as well as to withstand drop in oil prices, the his country planned to diversify its economy by investing in African countries like Nigeria, particularly Kano State.
He said that Abu Dhabi’s focus was now the African continent given the promising growth opportunities its markets offered, and the immense capabilities of Dubai-based companies in diverse sectors.
Al-Mansouri explained that the economic policies of his country were geared towards moving away from the oil sector and building balanced relations with other economies, assuring that Kano was a likely investment destination and had directed officials of his ministry to arrange a meeting between entrepreneurs and government officials from Kano State and the UAE for partnerships in trade and investments, which would be of benefit both sides.
Ganduje stated that there were varied opportunities for development co-operation anchored on common benefits, particularly in the fields of alternative energy, establishment of markets and malls, agriculture and infrastructure.
