Zambia seeks infrastructure funding from Abu Dhabi Fund for Development

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Lusaka – A state-run news agency on Wednesday reported that Zambia has sought financial support from Abu Dhabi Fund for Development to implement some of the country’s infrastructural development projects.

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The news agency said that the Zambian government has submitted four priority infrastructure development projects to the Abu Dhabi Fund for financing consideration.

Zambian President, Edgar Lungu, who is in the United Arab Emirates (UAE) for a working visit, expressed optimism that the Abu Dhabi Fund will consider the country’s request.

Lungu said that the four projects include rehabilitation of some key roads as well as upgrading of unplanned settlements.

He said that the government was encouraging investment in the economy and that his administration has been promoting business partnerships between Zambia and foreign owned companies as well as institutions.

He added that Zambia has numerous investment opportunities in all sectors of the economy and encouraged the Abu Dhabi Fund for Development to invest and undertake projects in Zambia.

Mohammed Saif Al Suwaidi, Abu Dhabi Fund for Development director-general, said the fund would look at the projects submitted as well as other sectors to see which ones to embark.

He expressed confidence that the two countries would collaborate on various developmental projects including energy, infrastructure and trade.

(Xinhua/NAN)


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