Minister Joof Says Investment Remains the Lifeblood of any Economic Development

The Minister of Trade, Industry, Regional Integration and Employment has said that investment remains the lifeblood of any economic development noting that it fuels innovation, drives productivity, creates jobs and wealth.

According to him, our Recovery-Focused National Development Plan – ‘The Yirwaa’ vividly underscores the critical role of investment in our economic resurgence as a democratic government with Free market economic policy.

Hon. Baboucarr Ousmaila Joof made these remarks on Wednesday in his on behalf of the President of The Republic of The Gambia – His Excellency Mr Adama Barrow at the Africa Intertrade Investments Forum held at the Sir Dawda Kairaba Jawara International Conference Centre on the theme; “Promoting Trade and Investment through Networking and Partnership”.

Organised by the Africa Intertrade Investments, the forum seeks to bring together investors from diverse backgrounds representing various sectors of the economy with the primary objective of creating a networking platform where foreign investors will network and discuss pertinent issues with indigenous entrepreneurs an explore partnership and investment opportunities as well as cultural exchanges to forster and engineer economic growth, national development and African integration in line with the ideals of our Africanism to promote African integration cooperation and development.

“As we just concluded an OIC Investment forum organised by The Gambia Investment and Export Promotion Agency (GiEPA) and the International Center for the Development of Trade (ICDT) on the sidelines of the 15th OIC Heads of State and Government Summit, this gathering therefore is a testament to their policy commitment and shared vision to fostering economic collaboration and mutual growth across the African continent,” he remarked. According to him, this further amplifies the vast potential that still exist within their nations and the transformative power of strategic investments in a globalised world.

Minister Joof informed the gathering that The Gambia serves as a vital gateway for regional trade and is strategically positioned on the West African coast. “Our country is endowed with fertile lands, abundant natural resources, and a youthful, but very dynamic population eager to contribute to our economic development. These attributes make The Gambia an attractive destination for any investor seeking opportunities in a variety of our sectors,” he added.

He further told them that The Gambia offers a compelling investment proposition that extends beyond their natural resources and strategic location. “Our government is actively prioritizing infrastructure development and creating a supportive regulatory framework. We boast a young, vibrant workforce, ready to be trained and equipped with the skills necessary for a competitive global marketplace. Our people are renowned for their warmth, hospitality, and strong work ethic,” he revealed.

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