SUNBIZ

Middle East Companies Keen To Invest

The Minister for Commerce, Trade, Tourism and Transport, Faiyaz Koya, met with a Kuwait company on his trip to the Annual Investment Meeting being held in Dubai, UAE. This is on the margins of the Expo 2020 held in Dubai which ended on Thursday.
02 Apr 2022 05:00
Middle East Companies Keen To Invest
Fiji’s Ambassador to the United Arab Emirates (UAE) Naipote Katonitabua (left), Minister for Commerce, Trade, Tourism and Transport Faiyaz Koya (middle), and Investment Fiji acting chief executive officer Kamal Chetty (fourth from left), with key business representatives from the Markaz Group, Saudi Fund for Development, OYO Group and the Elite Agro LLC, in Dubai, United Arab Emirates (UAE). Photo: Ministry of Commerce, Trade, Tourism and Transport

The Minister for Commerce, Trade, Tourism and Transport, Faiyaz Koya, met with a Kuwait company on his trip to the Annual Investment Meeting being held in Dubai, UAE.

This is on the margins of the Expo 2020 held in Dubai which ended on Thursday.

 

Mr Koya and his delegation held meetings with key businesses, including:
– Markaz Group,

– Saudi Fund for Development,

– OYO Group and the Elite Agro LLC

 

Markaz Group, a Kuwait  based company, in areas such as asset management, investment banking, real estate management is keen to invest in the country.

“The Markaz Group has shown interest in agriculture, tourism, pharmaceuticals, minerals, and infrastructure development and they want to bring to Fiji a scoping mission”, Mr Koya said.

Discussions were also with OYO Group, which specialise in empowering entrepreneurs and small businesses in the areas of tourist accommodations.

 

With the Fijian tourism industry on track to recovery, the meeting focused on leveraging technology to increase competitiveness and efficiency in the hospitality sector.

Whilst meeting in the Saudi Fund for Development (SFD), Fiji’s climate leadership and sustainable development aspirations were highlighted.

This includes strengthening partnership with the Fijian Government on projects related to climate change, clean energy, and resilient infrastructure.

 

SFD is a Government agency that finances development projects.

The agency is also a co-financier of the Japan International Cooperation Agency, which has contributed to many on-going developments in the Pacific.

The Minister concluded the meetings with Elite Agro LLC.

 

It is a leading agriculture company with large-scale integrated farming operations engaged in growing, sourcing, importing and marketing agro-products.

 

Meeting Opportunities
“These platforms provide great opportunities to market Fiji and Fijian made brands in this part of the
world,” he said.

“Being here in Dubai, and at Expo 2020, has paved the way for several possibilities for businesses of all sizes to network, co-create and diversify to smart, sustainable and resilient businesses.

And we’re glad we’re here to be a part of it,” he added.

Mr Koya is in Dubai to attend the culmination of the Expo 2020 Dubai and related investment events in collaboration with Investment Fiji.

 

Feedback: ranobab@fijisun.com.fj



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