UAE to play lead role investing in Zimbabwe as part of its Africa Investment Strategy

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Ambassador to Zimbabwe highlights United Arab Emirates 2017-2021 African Investment Strategy during handover ceremony of medical equipment to Harare Central Hospital

‘Zimbabwe is again open for business – I predict the bilateral relationship between our countries will grow to be three times greater than that of today in the near future,’ stated United Arab Emirates (UAE) Ambassador to Zimbabwe, Mahash Saeed Salem Mahash Al Hameli.

The Ambassador was leading a high level delegation at the handover ceremony of medical equipment donated to Zimbabwe’s Ministry of Health and Child Care at Harare Central Hospital on August 1. President, Emmerson Mnangagwa, who hosted the event, commended the UAE in their initiative to not only donate more than $2 million in equipment and medicines to Zimbabwe’s National Pharmaceuticals Company (NatPharm), but in also announcing the intent to establish a local pharmaceutical plant in Zimbabwe, which would help improve the delivery of medicines and medical supplies over the long term.

The investment, according to President Mnangagwa, will not only enable the country to reach its goal of providing universal health coverage by 2030, as promised by his administration, but alongside the UAE, will seek to fulfil an ongoing mission to return the former ‘breadbasket of Africa’ to prosperity.

‘Health is a pre-requisite for socio-economic development,’ Mnangagwa stated. ‘It is accordingly with great pleasure and honour that we receive hospital equipment from our partners, the United Arab Emirates. We express heartfelt gratitude for this timely, generous donation, one which will directly benefit our health care delivery system, which I have promised will be more efficient, wholly-integrated and of high-quality in the immediate term, leaving no one behind.’

The President added: ‘My country will continue to collaborate with the United Arab Emirates in addressing present technology gaps and expanding the pharmaceutical sector in order to promote a healthy nation.’

Ambassador Al Hameli suggested that the donation was in step with the United Arab Emirates’ 2017-2021 Investment Strategy to engage as a leading global partner in Africa, a milestone for Zimbabwe, in what is a major, cross-sector investment, to address Zimbabwe’s present challenges and opportunities. The UAE hopes this will play a key role in Zimbabwe’s ongoing development.

‘Our commitment to Zimbabwean investment is long-term, not only in the provision of aid, but in supporting the Zimbabwean economy, investing in trade opportunities, and working alongside Zimbabwean leadership to empower its communities,’ he said.

The UAE is already one of Zimbabwe’s leading trading partners.  In 2017, Zimbabwe registered a trade surplus of $307.6 million with the UAE and has recently been inviting UAE companies to invest in sectors such as mining, information and communications technology (ICT), agriculture, tourism, education, renewable energy technologies, infrastructure development and healthcare.

Companies from the UAE are dispersed throughout the Zimbabwean economy, with Dubai serving as a leading destination for Zimbabwean citizens and businesses. Zimbabwe’s exports to the UAE have previously been underpinned by mineral resources, including gold, and diamonds. Zimbabwe is reported to have more than 13 million tons of gold reserves, one of the largest reserves of diamonds in the world and the world’s second-largest reserve of platinum, along with other mineral resources.

Ambassador Al Hameli noted a tangible difference in the administration of Emmerson Mnangagwa which, he said, holds great confidence in the relationship held between the two countries. He added that in the immediate term, the UAE business community will bolster the efforts of true governance to oversee Zimbabwean investment.

He closed his remarks with a message of goodwill towards the government and people of Zimbabwe, noting that, ‘Zimbabwe is again working on behalf of its people – the international community and the Zimbabwean population should watch with patience as the developmental agenda of President Mnangagwa’s administration bears fruit, delivering lasting change within the communities of the nation.’

 

 

 

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