18 Apr 2014 13:40pm
WINDHOEK, 17 APR (NAMPA) Namibia could soon start manufacturing and assembling vehicles for international companies.
Deputy Minister of Trade and Industry Tjekero Tweya said this following the fourth Annual Investment Meeting (AIM) which took place in Dubai, the United Arab Emirates (UAE) recently.
The meeting in Dubai was attended by several senior Namibian government officials and private businesspeople to market Namibia to potential investors there.
Tweya told Nampa on Wednesday that several international businesspeople have shown interest in using Namibia for the manufacturing and assembly of automobiles.
Many investors from the UAE and from other countries are now aware of Namibia as a conducive country to do business in mining, manufacturing and many other types of businesses, he said.
The deputy minister said investors from the Middle East are particularly interested in oil and gas prospecting in Namibia and Africa in general.
He said other potential investors from Europe, the Americas and Asia have also shown interest in Namibia, hence the 2014 AIM was a golden opportunity for Namibia to present itself to the world.
The Walvis Bay harbour makes Namibia a preferred investment destination into the rest of the Southern African Development Community (SADC), as the harbour offers access to landlocked countries like Botswana, as well as South Africa, Angola and the Democratic Republic of the Congo, Tweya added.
He further said the AIM was also used by Namibian businesses operating in Dubai, especially in the areas of tourism, the opportunity to market themselves.
The Namibia Tourism Board (NTB) has an office in Dubai, while local businesswoman Katrina Kandjii operates her tourism business, Ipaha Travels, between Namibia and the UAE.