Burundi Finance Minister Encourages Saudi Investors to Explore Opportunities

The Council of Saudi Chambers (CSC) hosted a Burundi Delegation led by Finance Minister Domitien Ndihokubwayo to discuss economic relations between the two countries.

Minister Ndihokubwayo stated Burundi’s keenness on fostering economic relations with the Kingdom, and attracting Saudi investors to Burundi, which offers incentives and promising opportunities in various sectors to foreign investors. He noted that Burundi is a main hub for goods and services distribution, and offers businesses in a steadily growing region with access to several African markets with 75 million consumers.

The Burundi Minister noted the efforts of his country to improve its investment environment, and the opportunities it offers in mining, energy, transportation, fisheries, tea and coffee, agriculture, education, tourism, and healthcare. He encouraged Saudi investors to explore these opportunities and enter into join ventures with their Burundi counterpart, adding that they are interested in benefiting from Saudi Arabia’s expertise and technologies, particularly in agriculture and healthcare.

As to factors that should attract Saudi investors to Burundi, Ndihokubwayo said that the good diplomatic relations between the two countries is key. In addition to the incentivizing investment and tax laws, skilled low-cost workforce, effective administration laws for serving foreign investors, and Burundi’s full reconstructions of the country, which will bring along several opportunities.

For his part, CSC Secretary General Dr. Saud Al Meshari introduced his guests to the economic environment in Saudi Arabia, and its capabilities and new development endeavors, represented in the National Transformation Program 2020 and Saudi Vision 2030. He shed light on the structural system of the Saudi business community, represented in CSC and 28 chambers of commerce across the Kingdom. Al Meshari expressed CSC’s readiness to assist in any capacity to foster economic relations between the two countries.