August 27, 2012

President opens Eritrean Investment Conference

President opens Eritrean Investment Conference

Asmara, 27 August 2012 – President Isaias Afwerki today opened the Eritrean Investment Conference at Asmara Palace Hotel.

In a speech he delivered at the conference held under the theme “Popular Development by the People for the People,” he pointed out that the accomplishments registered over the past 20 years in laying the groundwork in various domains are modest. In this connection, he noted the need for adjustments pertaining to the roadmap for all-round national development, and as such this issue is the focal point for the conference.

President Isaias gave extensive briefings regarding the environment for development investment, broad participation in investment, sectors and businesses in which nationals could invest, the importance of saving in development and investment, among others. He said that the conference would adopt a document on the basis of the papers presented and the views exchanged by the participants.

Dr. Woldai Fitur, head of Eritrean Investment Center, indicated that Eritrean investors residing in the Middle East, Asia, Europe, Australia, the Americas and 22 African countries are attending the conference, thus attesting to the nationals’ readiness to participate in development and investment objectives. He further explained that the Government would present a document highlighting the key investment sectors.

The participants of the two-day conference have begun conducting discussion on papers being presented focusing on investment fields, saving and funding, buying of shares, housing construction projects and tourism, among others.

The opening session was attended by Ministers, senior PFDJ officials, regional Administrators, economy experts and Eritrean investors from inside the country and abroad.

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