President Weah Pushes Liberia’s Investment Case at MEDays Forum in Morocco
TANGIER, MOROCCO - President George Manneh Weah is “using one stone to kill two birds” on his Moroccan trip where he is not only making a powerful case to the world body on peace, pandemic and international cooperation but also selling Liberia’s amiable investment opportunities in a bid to attract potential investors.
Addressing the MEDays Forum Wednesday, November 2, 2022, the Liberian President encouraged investors to utilize the virgin nature of Liberia’s investment climate to engage in profitable business ventures of mutual benefit.
“Our fertile soils are ready for mechanized agriculture that could enhance food security,” the President told an assembly of over 5000 delegates from over 140 countries. “The technology sector also remains untouched in most African countries, including Liberia."
President Weah revealed that Liberia is specifically seeking investment in fiber-optic backbones that could strengthen the communication sector and give a further boost to the economy.
Liberia, Dr. Weah assured the global business community, “is endowed with enormous potential to transform itself into a strong economic giant for all of its citizens and the world at large.
“Such potential, which includes maritime transport, air services, port development and expansion, development and exploration of the offshore minerals to include oil and gas, as well as solid minerals amongst others, could be realized through strong cooperation and joint venture initiatives with prospective investors.”
President Weah stressed that Liberia also encourages value-addition in all investment portfolios; as this will result into more sustainable job creation for our ever-growing youthful population.
He continued: “Liberia is also a member of various sub-regional bodies on the African continent, such as the Economic Community of West African States (ECOWAS), the Community of Sahel-Saharan States (CENSAD), the West African Economic and Monetary Union (UEMOA), the Economic Community of Central African States (ECCAS), the Economic and Monetary Community of Central Africa (CEMAC) and the Southern African Development Community (SADC).”
According to him, prospective investors in the Liberian economy will enjoy all of the benefits of Liberia’s membership in these organizations.
He told the gathering that the country is open to investment in a particular project, such as the Nigeria-Morocco Gas Pipeline, which will connect Nigerian gas to every coastal country in West Africa, up to the Mediterranean shore.
“We are convinced that this large-scale energy project will immensely boost the region's economic integration, and benefit all the nations involved by unlocking their industrial potential and curbing their energy deficit,” he said further.
He thanked His Majesty King Mohammed VI, King of the Kingdom of Morocco, the Government and people of Morocco for what he called "the very warm reception extended my delegation and me."
He said the warm reception accorded him only underlines the cordial and friendly relations subsisting between 'the two brotherly nation-states.
The Liberian Leader expressed optimism that the participants will come out of the deliberations with strong and applicable action points that will take mankind on a guaranteed path to a more peaceful, secure, and stable world.
He said: “Liberia wishes to emphasize that this new, more operational and more mutually beneficial North-South cooperation; started by the Amadeus Institute more than a decade ago, will be the key to meeting our known challenges; as well as building greater autonomy and self-sufficiency to strengthen our resilience to external shocks."
