Kathmandu: The President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, extended a warm invitation to UAE investors during the Nepal-UAE Business Forum in Dubai.

Representing Nepal's private sector apex body, President Dhakal highlighted the commitment of Prime Minister Pushpa Kamal Dahal 'Prachanda' to economic revival, creating a conducive business environment in the country.

President Dhakal emphasized Nepal's external sector stability, combined with a youthful population, as a strong foundation for trade and investment, making it an attractive prospect globally. Identifying key sectors for mutual growth, he highlighted energy, tourism, agro-processing, and ICT as areas with immense investment potential.

In the energy sector, President Dhakal encouraged UAE investors to capitalize on Nepal's promising energy market as regional markets open up. He showcased opportunities for impactful investments, especially in light of the growing regional demand for energy.

The tourism sector presented another avenue for collaboration, with President Dhakal showcasing Nepal's significant infrastructure development, including additional international airports. He urged UAE investors to contribute to the development of world-class tourism infrastructure.

Agriculture, a cornerstone of Nepal's economy, was identified as a sector ripe for collaboration. President Dhakal invited UAE investors to explore opportunities in agro-processing, leveraging Nepal's unique climate and agricultural products from the Himalayan region.

In the ICT sector, aligned with the UAE's success in the digital economy, President Dhakal envisioned a mutually beneficial partnership fostering innovation and growth.

He also highlighted the crucial role of banking and finance in trade and investment, proposing a partnership to promote UAE investment in Nepal's banking sector. President Dhakal emphasized the potential to cater to the large Nepali population through the operations of Nepali banks in the UAE.

Expressing gratitude to Prime Minister Dahal for his commitment to drafting a Bilateral Investment Agreement between Nepal and the UAE, President Dhakal concluded by inviting the UAE business community to invest in Nepal. FNCCI, he assured, is ready to cooperate on all fronts to strengthen economic relations between the two nations.

The forum marked a pivotal moment in the robust friendship and economic cooperation between Nepal and the UAE, with the presence of dignitaries including Prime Minister Dahal, opening new avenues for collaboration.