Economy

Zambia set to tap from United Arab Emirates’ experiences for economic development, growth

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President Hakainde Hichilema says government’s goal is to learn from the economic experiences for the United Arab Emirates (UAE).

Hichilema said government was also keen to learn on how the UAE navigated their experiences from the past to achieve their formidable success.

He said this when he hosted His Excellency Sheikh Shakhboot Bin Nahyan Al Nahyan, Minister of State in the Ministry of Foreign Affairs of the UAE, along with his delegation.

“We are determined to expedite our progress and leverage these experiences for the betterment of our people.

“The frequent visits by the UAE to our country demonstrates the strong commitment between our two nations and underscore our resolve that forging sound partnerships is the way forward in developing our country,” Hichilema said.

Read more: Debt restructuring is start of real work towards Zambia’s economic transformation —Hichilema

Hichilema said several Memoranda of Understanding were signed during the meeting.

He pointed out that these were on mining, Small and Medium Enterprises (SMEs), and digitalisation to further deepen the bonds between the two nations.

“We expressed our sincere gratitude to His Royal Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, for allowing this significant visit to our country during a time when we are focused on reconstructing our economy to bring economic benefits to all our citizens,” Hichilema said.

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