KATHMANDU: Foreign delegates participating in the Nepal Investment Summit 2019 have said that Nepal is an appropriate land for investment.  They said that Nepal has opened the door for foreign investment to accelerate the pace of development.

Speaking at the Summit, South African Ambassador to Nepal, Sadick Jaffer, said that his country is a believer of open economy system, adding that they do not have any trouble to invest in Nepal.

Similarly, United Arab Emirates (UAE)’s Deputy Secretary of Foreign Trade at Ministry of Finance, Abdullah al Saleh, observed that agreements on investment security and on exemption of double taxation to attract foreign investment were important.

Likewise, Malaysia’s Investment Authority CEO Shiva Surya Murti Sundar Raja shared that they had setup investment board offices in major investing countries at the first phase to extend the trade relations aiming to invite direct investment and it might be fruitful to a Nepal as well.