The Government of Liberia and the partnership of Forescue Al Maktoum have signed an MOU to invest in Liberia’s Mining Sector

Monrovia- On Sunday, two top business tycoons arrived in Liberia from the United Arab Emirate (UAE) and Australia as guests of the Liberian leader.

A well known businessman, a member of the ruling family in Dubai, Ahmed Dalmook Al Maktoun, and Australian billionaire John Andrew Henry Forrest, non-executive chairman of the Fortescue Metal Group, one of the world’s top iron ore firms, landed at the Robert’s International Airport. They are optimistic that they may see the ground fertile to roll out huge investments.

It reminds uncleared which sectors the two investors are about to throw their minds on.

Forrest, whose net worth is put at US$7.4 billion (2019), briefly said to reporters that: “Fortescue is probably the world’s best known, effective miner noted for getting things done quickly – and I think when Fortescue comes in your country, then it will be seen as a welcome mark, and that may be a path follower for other great investors around the world.”

“I am not here for a specific reason. I am a prolific philanthropist, so I am here to see if I can help the children in their early childhood development; I’m interested to see that this country does not suffer slavery from other nations,” he indicated.

Forrest added: “I am particularly interested in making sure your young people have economic opportunities, and I’ll be very excited to help you develop your economy. I’ll be here in Liberia many, many times; hope to visit on a regular basis three to four times a year if your government and I can reach harmony, and I feel very confident about that,” he added.

After some high profile indoor discussions, the speacial Aide to the Mr. Sekou kalasco Damaro posted that, the Government of Liberia and the partnership of Forescue Al Maktoum have signed an MOU to invest in Liberia’s Mining Sector.

Accordingto President Aide, the signing ceremony was witnessed by his Excellency President Dr. George M. Weah and billionaire John Andrew Henry Forest, CEO of Forescue.

The Minister of Finance and Development Planning signed for the Liberian government. His Highness Sheikh Ahmed Dalmook Kuma Al Maktoum signed for the investors.

Under the MOU, the investors will upgrade existing railways and build new ones from Guinea to the port of Buchanan without a cost to Liberia. They are expected to rehabilitate the port of Buchanan and build new one if required. The investors hope to begin the transportation of ores from Guinea before the turn of the year.

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