Addressing the Nepal-UAE Business Forum in Dubai,the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President, Chandra Prasad Dhakal/RSS
KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President, Chandra Prasad Dhakal, extended a cordial invitation to UAE investors, urging them to explore promising opportunities in Nepal’s thriving sectors. Speaking at the Nepal-UAE Business Forum in Dubai, President Dhakal highlighted Prime Minister Pushpa Kamal Dahal ‘Prachanda’s’ commitment to economic revitalization, setting the stage for a conducive business environment.
President Dhakal emphasized Nepal’s external sector stability and a youthful population as solid foundations for trade and investment, making it an attractive prospect globally. Identifying key sectors for mutual growth, he highlighted energy, tourism, agro-processing, and ICT as areas with immense investment potential.
In the energy sector, he encouraged UAE investors to capitalize on Nepal’s promising market, especially as regional opportunities unfold. The tourism sector showcased significant infrastructure development, including new international airports, presenting a ripe environment for UAE investors to contribute to world-class tourism infrastructure.
Agriculture, a cornerstone of Nepal’s economy, was presented as an avenue for collaboration in agro-processing. President Dhakal invited UAE investors to explore opportunities, leveraging Nepal’s unique climate and Himalayan region’s agricultural products.
The growing ICT sector in Nepal aligned with the UAE’s success in the digital economy, offering prospects for collaboration and knowledge exchange. President Dhakal envisioned a mutually beneficial partnership in this sector, fostering innovation and growth.
Highlighting the crucial role of banking and finance, he proposed a partnership to promote UAE investment in Nepal’s banking sector, emphasizing the potential to cater to the large Nepali population through operations of Nepali banks in the UAE.
Acknowledging the Nepali workforce in the UAE for their hard work and integrity, President Dhakal proposed investments in technical and vocational schools to upskill the workforce, creating opportunities for joint growth.
Expressing gratitude to Prime Minister Dahal for his commitment to a Bilateral Investment Agreement between Nepal and the UAE, President Dhakal concluded by inviting the UAE business community to invest in Nepal. FNCCI, he assured, is ready to cooperate on all fronts to strengthen economic relations.
With the presence of dignitaries, including Prime Minister Dahal, the forum marked a pivotal moment in the friendship and economic cooperation between the two nations, as stated in a press release by FNCCI. The invitation resonated, opening new avenues for collaboration and reinforcing the belief that the synergy between Nepal and the UAE can script a joint story of growth and prosperity.