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President Buhari Storms Dubai In Search Of Investors

President Muhammadu Buhari has stormed Dubai, the United Arab Emirates (UAE) where he met with six different groups of investors to ask them to come to Nigeria and prosper by investing with handsome returns awaiting them within the shortest possible time.

He spoke today, Monday at the sidelines of the Annual Investment Meeting.

Among those he met is Sheikh Ahmed Al Maktoum, who is a member of the Dubai ruling family and also private investor and member of several boards of companies, both state owned and private. He is interested in establishing a power plant in Lagos, and studies have already been completed.

President Buhari also met the Chairman of the group of Lulu Group that operates a chain of supermarkets in the Middle East and Asia, Yusuff Alli. He told President Buhari that the outfit, with headquarters in Abu Dhabi, has over 164 supermarkets and shopping malls. It employs over 50,000 people.

The interest is to work with Nigerian farmers, using local produce to ensure food security. Quality, affordability and hygiene are the watchwords of the company.

Buhari also held bilateral meeting with Sheikh Hussain Al Nowais, Chairman of Amea Power. The company develops, owns, and operates thermal and renewable energy projects in Africa, the Middle East and Asia. Its wide range of power solutions include conventional – gas, coal, oil, and renewable – solar, wind and hydro.

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Apart from power, the company, which owns Rotana Hotel chain, is also interested in the hospitality sector in Nigeria.

Also on cue was Sheikh Ali Rashid Lootah, Chairman, Nakheel Properties and Limitless Group.

One of the world’s leading developers and a major contributor to Dubai’s real estate transformation, the company’s current and future retail project portfolio covers nearly 17 million square feet of leasable space. They are keen to expand their investments in Nigeria.

Sheikh Khalid Bin Kalban is the CEO of Dubai Investments. His meeting with the Nigerian president centred around real estate, processing industries, mergers and acquisitions, health care, education, and financial investments.

Abu Dhabi Fund for Development (ADFD) has supported over 66 projects in 29 African countries. They include rural solar power and water projects, and that was the focus of the discussion, as Sheikh Mohammed Saif Al Suwaidi, the CEO, met with President Buhari.

The bilateral sessions were not concluded, till the Nigerian president had met with Mr Jitender Sachdeva, CEO Skipperseil Group. An integrated energy company with operations in the manufacturing of substation equipment, discussions were on engineering processing, construction of transmission lines and substations for utilities, institutions and industries.

The company’s CEO expressed delight at meeting with President Buhari, and looked forward to doing good business in Nigeria.