By Etienne Mainimo Mengnjo
The Minister of Economy, Planning, and Regional Development (MINEPAT), Alamine Ousmane Mey, and top officials from the UAE’s Ministry of Commerce and Finance sectors have forged a new investment pact aimed at strengthening economic ties.
This is the substance of an audience Minister Ousmane Mey granted the UAE delegation in Yaounde on January 16.
The delegation was led by HE Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and comprised of over nine members. During the hour-long discussion, both parties explored ways to further strengthen bilateral ties.
Speaking shortly after the meeting, HE Dr. Thani bin Ahmed Al Zeyoudi expressed his satisfaction with the audience granted by Minister Ousmane Mey.
“We discussed many ongoing and potential projects, including several government-to-government partnerships. Our goal is to establish a clear framework that will enable investors and companies from the UAE to come and invest confidently in Cameroon,” HE Dr. Thani bin Ahmed Al Zeyoudi said.
He added: “We reviewed a wide range of promising investment sectors, including energy, telecommunications, digitalisation and artificial intelligence, logistics, mining, agriculture, and housing.”
“This marks the beginning of a long and strong relationship between our nations,” he noted, emphasising the momentum already established. “We look forward to collaborating with the Minister and his team and colleagues from other ministries.”
Dr. Thani assured, “You will see impactful projects from the UAE here in Cameroon.”
Following the audience with Mey, the UAE delegation conducted a series of working visits to other ministries to further refine the details of the proposed projects. The move comes as Cameroon continues to seek diversified foreign direct investment to fuel its 2030 development goals.