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By Godfrey Olukya 2-4-2014    

 

Following  President of the Republic of Sierra Leone,  Ernest Bai Koroma  official visit to Abu-Dhabi on 20th January 2014 where he held fruitful discussions with high level officials of the government of the United Arab Emirates bordering on Economic cooperation,a delegation from his country is now in  UAE exploring business opportunities.

President  Bai Koroma has sent a delegation to the UAE, headed by the his minister of mines and mineral resources  Alhaji Minkailu Mansaray, accompanied by  Siray Alpha Timbo, Ambassador designate to the UAE, and coordinated by  Bahige Annan ,Consul General of Sierra Leone in Dubai, UAE and  Filip Matwin of Royal Group.They have had meetings with Mubadala Development Company (Mubadala), the Abu Dhabi-based strategic investment and development company, to explore new investments and partnerships in strategic sectors such as Bauxite, Alumina and Iron Ore in the Republic of Sierra Leone.

Commenting on the meeting, The minister of mines and mineral resources Alhaji Minkailu Mansaray, noted, “Mubadala is a potential strategic mining partner for the republic of Sierra Leone and we are very pleased to initiate talks in this direction. We look forward to working towards a successful partnership with Mubadala in the mining sector, which is highly strategic for Sierra Leone and our bilateral economic cooperation particularly for the development of our economy. This initiative is in line with the government of the Republic of Sierra Leone’s agenda for prosperity as it addressees new opportunities for our people. The avowed commitment of His excellency the President of the Republic of Sierra Leone Dr. Ernest Bai Koroma is to ensure that partnership in our natural resources benefits the people of Sierra Leone. Therefore the need for a broader and growing cooperation between the Republic of Sierra Leone and the United Arab Emirates cannot be underestimated.”

Mubadala is an investment and development company supporting the diversification of the UAE by investing in key infrastructure and creating globally integrated industry sectors in Abu Dhabi. The company is mandated to strengthen Abu Dhabi’s growth potential, and to help the Government meet its socioeconomic targets. While Mubadala’s investments are designed to generate sustainable profits over the long-term, they also deliver strong social returns to Abu Dhabi and the United Arab Emirates.

Focused on investment and development across multiple sectors, Mubadala’s portfolio is valued at more than US$55 billion. The company brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include semiconductor technology, aerospace, energy, healthcare, information communications and technology, infrastructure, real estate and hospitality, and services ventures.

 

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