President Ernest Bai Koroma has told a visting delegation from the United Arab Emerates that Sierra Leone is desperate for assistance but only credible investors are welcome into the country to invest so that they can contribute to national development.
The President also said that the country is faced with enormous challenges and expressed the need for development partners to assist in the provision of goods and services. He also expressed delight over the arrival of UAE investors.
The President also explained his Agenda for Change vision to the investors and encouraged them work with his Agenda for Change to help alleviate the suffering of the people by supporting and promoting investment opportunities like energy, roads, health, education, Tourism, and Agriculture.
He further explained to them the progress and challenges facing the country, adding that the first phase of electricity supply from the Bumbuna project is near completion while Agriculture and Roads is faced with inadequate funding for implementation.
The President also spoke about the identification of hydro dams in all parts of the country which is expected to be designed to electrify rural areas and also expressed the need for the improvement of water supply distribution within the city.
Chairman of the Presidential Implementing Committee on Investments and Development in the GCC & Middle East who also doubles as the Chairman of NATCOM Architect Siray Timbo has expressed commitment and determination to woo investors to the Sierra Leone for rapid economic growth and sustainable development.
PICID was recently established by President Koroma to enhance the scale of foreign investment in crucial sectors of the economy that needs urgent improvement so as to respond to the growing demand of social facilities and employments for the youths.
The major objective of the Presidential Implementing Committee on Investments and Development in the GCC & Middle East is to market Sierra Leone to potential and credible investors that have expressed keen interest in Sierra Leone.
The PICID Committee is also charged with the responsibility for the coordination of investors with line Ministries and Government agencies and also facilitate investors to meet with the public and private sectors for partnership and collaboration.