Mauritanian President Mohamed Ould Abdel Aziz, on Sunday opened a new Investment Forum, designed to stimulate the Mauritanian and Arab private sector to revive their national economies through the implementation of ambitious development plans.
The two-day event is organized by the Mauritanian government through the Ministry of Economic Affairs and Development.
Some 500 stakeholders, including Mauritanian and Arab businessmen from the Gulf countries, the Pan-Arab financial institutions and international financial institutions, such as the Islamic Development Bank (IDB ) and the International monetary Fund (IMF), are participating.
Speaking during the opening session, the Mauritanian Minister of Economic Affairs and Development, Sidi Ould Tah, said Mauritania would benefit from the programme, especially as it will highlight significant opportunities in the productive sector; agriculture, fisheries, mining and services, banking and insurance, tourism, land, housing, infrastructure projects , the new investment code and the specific regime of the Nouadhibou free Zone (NFZ ).
“These advantages, combined with the political stability and security across the country, explain the legitimate aspiration of Mauritania to become a powerhouse for investments,” he added.
Also speaking at the session, the Saudi Finance Minister, Ibrahim Al Assaf, revealed that Saudi businessmen were interested in investing in Mauritania “to take full advantage of promising opportunities offered by the African country”.