Chad launches $30 billion investment drive from UAE

WAM

Chad has officially launched the first round of investment talks in the UAE under its National Development Plan, Chad 2030, also known as 'Chad Connection 2030'.

The initiative aims to attract around $30 billion in investments across key sectors.

The launch took place in Abu Dhabi during the UAE-Chad Trade and Investment Forum, attended by ministers, officials and business leaders from both countries.

Chad’s Finance Minister, Tahir Hamid Nguilin, said the plan offers incentives for investors, including tax exemptions, streamlined regulations and access to priority economic zones.

The plan targets major infrastructure upgrades, expanded access to electricity and water, digital transformation, and improvements in education, health and transport.

The central African nation aims to achieve 8 per cent annual GDP growth by 2030 to join the ranks of middle-income countries.

More from Business

Coming Up on Dubai Eye

  • The Music Mix

    9:00pm - 11:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

  • The Music Mix

    11:00pm - 6:00am

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!