28 Oct 2014 14:20pm
DUBAI, 28 OCT (NAMPA) The United Arab Emirates (UAE)s Minister of Economy, Sultan bin Saeed Al Mansoori says his government can assist Namibia with locating its underground oil reservoirs.
Al Mansoori was speaking during a business dialogue with Namibias Minister of Trade and Industry, Calle Schlettwein in Dubai on Monday.
The two ministers are attending the three-day Global Trade Development Summit underway here.
The summit commenced on Monday, and is being attended by more than 600 government and business leaders from over 90 countries.
Al Mansoori said the UAEs economy is largely dependent on trading in oil.
Mark my words, oil can be found in Namibia, and we are competitive enough to assist Namibia to discover its own underground oil reservoirs. We have so much interest in that industry, he enthused.
He, however, did not explain in detail how his country could assist Namibia in this regard.
He said if oil was found in Angola, then it can also be found in Namibia because the two countries geographical landscapes are similar.
The two ministers also discussed business opportunities in the aviation and tourism industries.
Al Mansoori suggested that Schlettwein talks to Air Namibia about initiating direct flight from Namibias Hosea Kutako International Airport to Dubai or Abu Dhabi.
Such direct flights are possible as long as Air Namibia is interested and willing to negotiate with the UAEs Emirates Airlines, he stated.
The two ministers then talked about opening a consulate by 2015 to help facilitate business dealings between the two nations.
Schlettwein is being accompanied by trade and industry specialists from his ministry, the Offshore Development Company (ODC) and the Namibia Trade Forum (NTF).
The presence of the ODC specialists at the summit is crucial as they represent Namibias export and processing sector, while the NTF represents the private business sector.
The Global Trade Development Summit ends on Wednesday.