Zambia seeks infrastructure funding from Abu Dhabi Fund for Development

Source: Xinhua| 2019-11-27 17:49:56|Editor: Shi Yinglun
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LUSAKA, Nov.27 (Xinhua) -- Zambia has sought financial support from the Abu Dhabi Fund for Development to implement some of the country's infrastructure development projects, state-run news agency reported on Wednesday.

The government has submitted four priority infrastructure development projects to the Abu Dhabi Fund for financing consideration.

Zambian President Edgar Lungu, who is in the United Arab Emirates for a working visit, expressed optimism that the Abu Dhabi Fund will consider the country's request, according to state-run news agency, the Zambia News and Information Service (ZANIS).

Lungu said after he visited the Abu Dhabi Fund for Development offices that the four projects include rehabilitation of some key roads as well as upgrading of unplanned settlements.

The government, he said, was encouraging investment in the economy and that his administration has been promoting business partnerships between Zambia and foreign owned companies as well as institutions.

Zambia, he said, has numerous investment opportunities in all sectors of the economy and encouraged the Abu Dhabi Fund for Development to invest and undertake projects in Zambia.

Mohammed Saif Al Suwaidi, Abu Dhabi Fund for Development director-general, said the fund will look at the projects submitted as well as other sectors to see which ones to embark.

He expressed confidence that the two countries will collaborate on various developmental projects including energy, infrastructure and trade.

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