Twelve Italian investors are in the country to explore investment opportunities in the various sectors of the economy, with rice production, energy, and transportation being on top of the list.
On Wednesday, October 24, the Italian investors held closed-door discussions with officials of the National Investment Commission, Monrovia City Corporation (MCC), Ministry of Public Works (MoPW), and the Liberia Water and Sewer Corporation (LWSC).
In an interview with reporters on Wednesday at a local resort in Sinkor, Dr. Giuleano Codelo, head of the delegation, said they are expected to conclude the discussion with Foreign Affairs Minister Gbehnzohngar Milton Findley.
Dr. Codelo expressed heartfelt thanks and appreciation for the warm welcome and indicated that the reception shows that Liberia is ready to create a friendly investment climate for the betterment of both the investor and the country.
He said the interest to invest in the country’s economy was prompted from an earlier invitation from President George M. Weah.
The Italian head of delegation intimated that President Weah has been the link between Italy and Liberia and added that Italy, through its investment sector, will support the President and the people of Liberia.
“We are considering investing in agriculture, roads, energy, mining, transportation, and other basic infrastructures,” Dr. Codelo said
While in Liberia, the delegation will also study the possibility of investing in waste disposal, water purification, rice production, and infrastructure development and is also expected to hold a meeting with President George Weah and other members of his Cabinet.
Members of the delegation include Mr. Giovanni Coduri and Mr. Antonio Longhi, representing “Eurogeo Wells,” while Mr. Umberto Cucchetti is representing “Dimesion Ambiente,” which is involved in waste management.
Other delegation members are Mr. Dario Zucchi and Madam Barbara Falomo, representing the Italian water purification company “PSC-Water purification,” while Piemario Carazzo represents “Agro Ital LTD-Rice Production.”
The aim of the visit to Liberia is to strengthen bilateral relations with Liberia through trade, exchange of knowledge, and provide win-win opportunities for production in the country’s economy.
The chairman of the ruling Coalition for Democratic Change Mr. Mulbah Morlu and President George Weah made the country’s case during their respective visits to Europe and the European Union Parliament, calling on investors to explore the country.
During President Weah’s visit to Brussels, he indicated that Liberia is open for visitors and encouraged Italians and other European companies that were present in Liberia prior to Liberia’s civil war to return to invest.
President Weah further emphasized manufacturing, trade and small and medium enterprises as other areas needed to be developed to create employment opportunities in the country.