NationalNews

MALAWIANS INVESTORS TO BENEFIT FROM INVESTMENT OPPORTUNITIES IN SAUDI

By Cyrus Bengo

The Kingdom of Saudi Arabia is opening its doors to Malawians and African investors and companies to benefit from the huge investment opportunities provided by the Kingdom’s Vision 2030 mega projects.

The Kingdom while reiterating the importance of economic cooperation and joint investment with African countries to achieve sustainable development and benefit from human resources and the global supply chains, companies and investors would likewise be encouraged to increase quality investments in the African continent in various fields.

Thee Kingdom has also launched a Digital Market Initiative – IMPACT, which seeks to enhance access to digital services, raising the quality of life, and developing the digital economy for the attainment of regional cooperation and the Sustainable Development Goals (SDGs).”

Thee Saudi-Africa Summit also expressed grave concerns over the escalating violence and loss of civilian lives resulting from the ongoing Israeli attacks on Palestine.

The summit further stressed the need for the cessation of all military operations in Gaza and the protection of civilians in accordance with international law and international humanitarian law.

African leaders and the government of the Kingdom of Saudi Arabia, in a resolution tagged “The Riyadh Declaration Regarding the Situation in Palestine,” called on the international community to mount pressure on Israel to desist from further attacks and the forced displacement of Palestinians from the Gaza Strip.

It is also to emphasize the urgent need for de-escalation and a return to diplomatic dialogue to address the root causes of the Israeli-Palestinian conflict, in accordance with the principle of the two-state solution, the Arab Peace Initiative, and the relevant international legitimacy resolutions.

This is because it will in a way guarantee the Palestinian people their right to establish their independent state on the borders of 1967, with East Jerusalem as its capital.

Upon the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, the Saudi-African Summit was convened on November 10, 2023, in Riyadh, to further develop the relations between Africa and the Kingdom and also forge ties that would promote strategic partnership between both sides.

The Kingdom of Saudi Arabia highlighted the importance of the historical ties with the African continent and its growing interest in developing such relations with the Continent across the political, economic, investment, commercial, development, cultural and social fields.

Malawi has secured approximately US$20 million funding from the Saudi Fund for Development for the construction of Makanjira road.

Speaking in M’ndandanda program on Teamplus Television seasoned Journalist Alfred Chauwa said the road brings with it significant attributes in the facilitation of meaningful trade, food security and access to essential social services.

It will increase economic activity and connect communities to major markets and public facilities in the entire Eastern Region including rural trading centres said Chauwa.

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