President Rupiah BandaTuesday held talks with the Crown Prince and Deputy Ruler of the State of Ras Al Khaimah, Sheik Saud Bin Sadr Qasimi and his advisors, where they discussed issues concerning foreign investment.
The President, who stopped over in Dubai en route to China for a State Visit, drove to the State of Ras Al Khaimah of the United Arab Emirates (UAE) where he held talks with the Crown Prince on issues concerning investment in tourism, mining, manufacturing and trade. The two leaders also agreed to continue exchanging information on issues concerning investment in the two states.
The Crown Prince, who once visited Zambia and met with late President Levy Mwanawasa, said he was happy that President Banda has agreed to continue with some of the projects that were discussed when he was in Zambia. Ras Al Khaimah is one of the seven States that forms UAE.
President Banda said Zambia has a lot to learn from the federal states of UAE because of the huge investments taking place in that country. He said he was impressed with Ras Al Khaimah, which has managed to develop in a short period of time through Foreign Direct Investment in various fields.
The President was accompanied to the meeting by Finance and National Planning Minister Hon. Situmbeko Musokotwane, MP, and some State House staff in the Presidential Delegation. After the talks, President Banda returned to Dubai where he is due to connect to China for a State Visit.