 has urged investors from the United Arab Emirates (UAE) to explore and invest in Nepal's thriving sectors. ){kind=link}
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged investors from the United Arab Emirates (UAE) to explore and invest in Nepal’s thriving sectors.
FNCCI President Chandra Prasad Dhakal, during his address at the Nepal-UAE Business Forum in Dubai, emphasized the favorable economic climate in Nepal and showcased the commitment of Prime Minister Pushpa Kamal Dahal to spur economic revival.
President Dhakal identified four key sectors with immense investment potential: energy, tourism, agro-processing, and information and communication technology (ICT).
He encouraged UAE investors to capitalize on the promising energy market in Nepal as regional markets open up, presenting timely opportunities for impactful investments.
In the tourism sector, President Dhakal highlighted Nepal’s significant infrastructure development, including additional international airports in Lumbini and Pokhara.
He urged UAE investors to contribute to the development of world-class tourism infrastructure, including hotels, cable cars, theme parks, and hill stations, underscoring the potential for increased bilateral tourism.
Agriculture, a cornerstone of Nepal’s economy, presented another avenue for collaboration.
President Dhakal invited UAE investors to explore opportunities in agro-processing, leveraging Nepal’s unique climate and the Himalayan region’s agricultural products. He called for tariff and non-tariff facilitation to enhance the sector’s growth.
The growing ICT sector in Nepal, aligned with the UAE’s success in the digital economy, offers prospects for collaboration and knowledge exchange.
President Dhakal envisioned a mutually beneficial partnership in this sector, fostering innovation and growth. He also emphasized the crucial role of banking and finance in trade and investment, proposing a partnership to promote UAE investment in Nepal’s banking sector.
President Dhakal acknowledged the hard work and integrity of the Nepali workforce in the UAE and proposed investments in technical and vocational schools to upskill the workforce, creating opportunities for joint growth.
Sharing his personal journey as a living example of what is possible in Nepal with government support and a favorable investment climate, he expressed gratitude to Prime Minister Dahal for his commitment to drafting a Bilateral Investment Agreement between Nepal and the UAE.
The FNCCI president concluded by inviting the UAE business community to invest in Nepal, assuring that FNCCI is ready to cooperate on all fronts to strengthen economic relations between the two nations.
The forum marked a pivotal moment in the robust friendship and economic cooperation between Nepal and the UAE, with the presence of dignitaries, including Prime Minister Dahal, stated in a press release by FNCCI.
The invitation resonated, opening new avenues for collaboration and reinforcing the belief that the synergy between Nepal and the UAE can script a joint story of growth and prosperity.