Kenya is positioning itself as the most competitive investment destination in Africa, with President William Ruto reaffirming his administration’s commitment to creating a conducive business environment.
Speaking at State House, Nairobi, the President emphasized the government’s focus on establishing a robust policy and institutional framework aimed at attracting quality investors and accelerating economic growth.
The initiative aligns with Kenya’s Bottom-Up Economic Transformation Agenda, which aims to create jobs, enhance skill development, and foster economic diversification.
“Our goal is to attract quality investors to exploit the vast opportunities presented by our transformation agenda,” President Ruto stated.
To bolster this agenda, a high-level delegation from the Federation of Saudi Chambers, led by its President Hassan Al-Huwaizi, is set to visit Kenya, Tanzania, and Rwanda.
The delegation, comprising over 25 prominent Saudi investors from various sectors and representatives of government agencies, seeks to explore investment opportunities and strengthen economic ties.
The tour, which aligns with Saudi Arabia’s strategy to enhance relations with African countries and access the continent’s vast market of over 1.3 billion people, will commence in Kenya with the Saudi-Kenyan Business Forum.
The delegation will then proceed to Tanzania for the Saudi-Tanzanian Business Forum before concluding its visit in Rwanda with the Saudi-Rwandan Business Forum.
During these engagements, key investment opportunities and potential partnerships will be explored, focusing on various economic sectors.
The meetings will also provide a platform for discussing trade agreements and fostering collaboration between business communities.
