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President Uhuru Kenyatta is shown a model plan of the new port administration block which is under construction by the Project Executive Director Nabeel Mohammed AL-Buenain when he toured the site in Doha City, Qatar/PSCU

Kenya

Uhuru invites Qatari investment in Kenya’s energy sector

At another meeting with the Managing Director and Chief Executive Officer of Qatar Investment Authority/Qatar Holdings, Ahmad Mohamed Al Sayed, President Kenyatta encouraged the Qatari business community to take advantage of the investment opportunity in Kenya in the area of infrastructure, transport and communication.

The President said Africa is the new frontier in the investment and Kenya is the gateway.

Al Sayed indicated that the Qatari business community was keen to establish joint ventures with its Kenyan counterparts.

He said that once Kenya and Qatar sign an agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income tomorrow, the foundation for joint business ventures will have been firmly laid down. Al Sayed said Qatar considered Kenya as its strategic link to the African market.

The meetings were attended by Cabinet Secretaries, Amina Mohamed of Foreign Affairs and International Trade, Davis Chirchir of Energy, Adan Mohamed of Industrialization and Enterprise, and Michael Kamau of Transport and Infrastructure.

Also in the President’s entourage is businessman Chris Kirubi.

Later, President Kenyatta was conducted on an extensive tour of both the current port and the new port in Doha, which is under construction to see the Qatar ports authority’s effective management of maritime installations.

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