Middle East investors here to explore new opportunities

KIGALI - President Paul Kagame, yesterday, at Village Urugwiro, received a delegation of Middle East investors.The group, led by Tarek .M. Ragheb, Rwanda’s Honorary Consul to the Middle East, explored investment opportunities in the country.Speaking to reporters shortly after the meeting, Ragheb said that they were also in Rwanda to expose investors from the region to the country and its conducive business environment.
President Kagame with the delegation of investors from the Middle East at Village Urugwiro, yesterday. On the right is John Gara, the  RDB CEO (Photo Village Urugwiro)
President Kagame with the delegation of investors from the Middle East at Village Urugwiro, yesterday. On the right is John Gara, the RDB CEO (Photo Village Urugwiro)

KIGALI - President Paul Kagame, yesterday, at Village Urugwiro, received a delegation of Middle East investors.

The group, led by Tarek .M. Ragheb, Rwanda’s Honorary Consul to the Middle East, explored investment opportunities in the country.

Speaking to reporters shortly after the meeting, Ragheb said that they were also in Rwanda to expose investors from the region to the country and its conducive business environment.

“The investors are interested in venturing in the country’s big projects like the Kigali Conventiona Centre and the Aviation Centre,” he noted.

Ragheb pointed out that they also discussed with the President other infrastructure programmes.

“We hope to announce the outcome of projected investments towards the end of next month,” he said.

Present at Village Urugwiro was John Gara, the CEO of Rwanda Development Board (RDB).

 “In case we finalise the deal with the Middle East Investors for the Aviation Centre, it would be the first of its kind in Africa,” Gara said.

The Aviation Centre is a one stop centre for general aviation maintenance.

Gara said that they expect to sign a Memorandum of Understanding within the next few weeks with the investment expected to be announced by the end of May.

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