Business News of Wednesday, 4 March 2015
Source: Graphic Online
A delegation from the Qatar Investment Authority (QIA) arrived in Accra yesterday to explore investment opportunities in the energy and agriculture sectors.
The two-day visit is a follow-up to discussions President John Dramani Mahama had with members of the authority during his state visit to Qatar two months ago.
At the meeting with the President, the authority promised to send a delegation to Ghana.
The Qatar Investment Authority, one of the world’s biggest sovereign wealth funds, invests domestically and internationally to curtail reliance on energy price volatility.
Its objectives include developing, investing and managing the state reserve funds and other property assigned to it by the government.
During their two-day visit, the delegation will hold discussions with the President and other state officials.
Speaking shortly on arrival at the Kotoka International Airport (KIA), the leader of the delegation, Sheikh Faisal Bin Saoud Al-Thani, said the authority was happy to explore long-standing relations with Ghana because of the country’s enviable investment records.
He recognised the importance the President attached to the power sector during their meeting in Doha, and said the delegation would discuss short to long-term investments in the energy sector.
“We first of all would want to understand the fundamentals of the policies of the country and how to engage the authorities,” Sheikh Faisal said.
He said when all was successful, they would bring their partners to set up their investments.
“And at the end of the day, our investments should benefit both countries, “he added.
Concerning agriculture, Sheikh Faisal said they were also informed by the President about the huge potential in the sector for investors in Ghana.
He said the delegation would seek opportunities in various crops and livestock.
Ghana’s ambassador to Saudi Arabia, Alhaji Said Sinare, who facilitated the visit to Ghana, met the delegation at the airport.
He said their coming marked another turning point in Ghana-Qatar relations as the benefits for both countries would be enormous.