Antigua PM discusses divestment opportunities in Dubai

Antigua and Barbuda’s Prime Minister Gaston Browne has held talks with the Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum.

According to a statement by the Antigua and Barbuda government Browne met with Al Maktoum on Tuesday during which he thanked the prime minister for the invitation to participate in the World Government Summit, and also for his continued support of the Caribbean.

Investment opportunities are tremendous

“Prime Minister Browne emphasized that, despite the recent storms, Antigua is open for business, and investment opportunities in the island are tremendous,” the statement said, adding that Antigua and Barbuda recently signed several memoranda of understanding, including joint investment agreement and a tax exchange agreement with the United Arab Emirates (UAE).

UAE Minister of International Cooperation, Reem Al Hashimy, who also attended the meeting “emphasized the importance of the …agreements in moving forward investment opportunities between both countries,” the statement said.

Reem indicated the possibility of investment in the tourism sector, agriculture and air transport, “and looks forward to working closer with the government of Prime Minister Browne.”

Browne spoke of the National Assets Management Company Limited (NAMCO), a similar mechanism to that of the Investment Corporation Dubai (ICD), saying that NAMCO provides “a good investment opportunity for investment from the UAE.