Democratic Republic of the Congo aims to boost trade and investments with the UAE

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The Trade Minister of the Democratic Republic of the Congo, Jean Lucien Bussa Tongba, recently expressed his satisfaction with the nation's economic ties with the UAE and emphasized the need for greater collaboration to enhance trade and investment opportunities.

Speaking at a business forum in Dubai, Minister Tongba hailed the strong partnership between the two countries and praised the UAE's commitment to supporting economic growth in the Democratic Republic of the Congo. He emphasized that the nation was keen to expand its bilateral relations and forge new partnerships that would contribute to the country's economic development.

The minister highlighted the importance of increasing trade and investment flows between the two nations and outlined several initiatives aimed at enhancing economic cooperation. He pointed out that the Democratic Republic of the Congo had vast natural resources and was looking to attract foreign investment to develop its mining, energy, and infrastructure sectors.

The UAE, on the other hand, has been actively pursuing investments in African nations, including the Democratic Republic of the Congo. In 2020, the UAE's sovereign wealth fund, Mubadala, invested $1.2 billion in a Congolese mining project, marking the largest foreign investment in the nation's history.

During his speech, Minister Tongba also highlighted several sectors that he believed held potential for future cooperation between the two nations. These included agriculture, telecommunications, and tourism, among others.

The minister's remarks were well-received by the UAE business community, with many expressing their interest in exploring new opportunities in the Democratic Republic of the Congo. The forum provided an excellent platform for business leaders from both countries to exchange ideas and explore ways to strengthen economic ties.

In conclusion, Minister Tongba's remarks underscore the growing importance of the UAE as a key partner for African nations seeking to attract foreign investment and expand their economic ties with the Middle East. The Democratic Republic of the Congo's efforts to increase trade and investment with the UAE bode well for future cooperation between the two countries and hold promise for enhanced economic growth and development.



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