Malawi Generates $1.5 Billion Investments At Dubai World Expo

Minister of Industry and Trade Mark Katsonga Phiri, who led the Malawi delegation at the B2B meetings at the just ended World Expo, says he is impressed with the investment interests that Malawi has managed to generate at the Expo.

The trade minister disclosed that Malawi has managed to generate more than $1.5 billion (about K1.275 trillion) worth of investment interests at the six-month World Expo in Dubai which ended on Thursday.

Malawi Investment Trade Centre (MITC) said on Thursday night that the interests are for projects in power generation, agriculture and agro-processing (edible oil production and processing), farming, fertilizer manufacturing and ethanol production.

“The World Expo here in Dubai gave us a platform to showcase the opportunities that we have as a country to a wider global audience. The investment interests that we have generated are not only those from potential investors in Dubai but from around the world.

“As government, we are committed to providing the necessary support to all these interested potential investors to ensure that their investment interests are materialized because this is what the country is looking forward to,” Katsonga Phiri said.

World Expos, officially known as International Registered Exhibitions, are a global gathering of nations dedicated to finding solutions to pressing challenges of our time by offering a journey inside a universal theme through engaging and immersive activities. World Expos welcome tens of millions of visitors, allow countries to build extraordinary pavilions and transform the host city for years to come.