By NATION REPORTER
PRESIDENT Hakainde Hichilema has called on the Kingdom of Saudi Arabia and other global partners to consider Zambia as a key investment destination considering her political stability and enabling business environment.
And President Hichilema has called for global peace, stating that conflicts have continued to hinder development and decried the Russia -Ukraine war as well as the now Israel and Gaza conflict.
President Hichilema says Zambia has the much-desired arable land for Agriculture, good climate for renewable energy investment, sectors which could attract foreign investment with joint ventures with Zambians.
The head of State said Zambia had warm and welcoming citizens to foster people to people joint ventures in various economic activities such as tourism and agriculture.
Speaking during the first Saudi-African summit in Riyadh, Saudi Arabia, said Zambia was rich in both natural and human resources that need global partnerships.
“As we joined fellow leaders, we called on Saudi Arabia and other global partners to look at Zambia as a key investment destination considering our enabling business environment. We also stated that our citizens, you, our fellow Zambians, look forward to joint ventures with investors.”
“During the conference, we also called for peace in the world, stating that conflicts have continued to hinder development, as is the case between Russia and Ukraine and now Isreal and Gaza. Lasting peace must be reached so that the Globe can focus on economic activities,” President Hichilema said.
President Hichilema in his address explained that instability anywhere was instability everywhere, and that conflicts had negatively affected economies worldwide.
He said Zambia had remained committed to upholding the friendships with Saudi Arabia which had cordially existed for many years and was hopeful that the bilateral relations between the two countries would begin bearing fruits for the people.
“In order to realise these economic efforts, Africa, or indeed Zambia, looks forward to capital injection through Foreign Direct Investment (FDI). Land-linked Zambia is strategically located for easier trade and investment opportunities, which in turn should lead to jobs for our youth and women,” Mr Hichilema said.