By Daniel Djagoué, Special Envoy in Dubai
Comoros was in the spotlight on November 8, 2021 at the Dubai World Expo launched on October 1. An opportunity for the country to present its strengths in terms of investment.
A little over a month after the opening of the Universal Exhibition held in Dubai, the Union of the Comoros, an archipelago located off the east coast of Africa, was in the spotlight on Monday with a delegation led by its president, Assoumani Azali.
“The Comorian pavilion registers a weekly entry of more than 12,000 visitors, which is quite an achievement for a country of less than a million inhabitants. This visibility, we hope, will bring economic benefits and potential investments, and is none other than the result of the remarkable work carried out jointly by the Organizing Committee of the Comoros and the relevant authorities of the Emirates ”, declared the Head of State during the official ceremony marking Comoros Day at Expo Dubai 2020, in the presence of Sheikh Nahyane Bin Mubarak Al Nahyane, Minister of Tolerance and Coexistence of the United Arab Emirates, the host country, and General Commissioner of Expo Dubai 2020.
“I dare to hope that this Exhibition is only the first step in a long series of exchanges which will allow countries like mine, which need support, to benefit from your experience and expertise, to relaunch their socio-economic development ”, launched President Assoumani Azali to the Emirati authorities.
Challenges
By participating in Expo Dubai 2020, the Comoros aim to reaffirm their positioning as a preferred land of welcome for tourists and economic operators. Indeed, the country has an Investment Code which offers facilities to investors, a cultural diversity due to its geographical position and a youth considered “dynamic and creative” by its president, and which constitutes more than 60 % Population.
A member country of COMESA, SADC and the African Continental Free Trade Area, among others, Comoros has access to a trillion dollar market, which could be a boon for investors. And its president did not miss the opportunity to launch an appeal “to come and invest” and “thus contribute to the achievement” of its ambition of emergence by 2030. Moreover, the Union of the Comoros enjoys regained political stability, low inflation (1% in 2020) and a market with high growth potential.
Note that the country is holding this Tuesday, November 9 as part of Expo Dubai 2020, an Economic Forum “Invest in the Comoros” which brings together a hundred companies from the United Arab Emirates, the European Union, China , Russia and Africa. On the menu of discussions, the presentation of the Comoros Emerging Plan, the business environment, and business opportunities.
