Qatar To Invest In Social Development Sectors In Nepal

Qatar To Invest In Social Development Sectors In Nepal

Nov. 27, 2019, 10:42 a.m.

Minister for Energy, Water Resources and Irrigation Barshaman Pun Ananta on Tuesday met visiting delegation of Qatar Fund for Development (QFFD) at his ministry in Singha Durbar.

During the meeting, discussions were held on the possibility of investment in Nepal’s energy sector and hydropower sectors and areas of cooperation between the two countries.

On the occasion, Senior Advisor to Qatar Fund Samer R. Frangieh said that Qatar is eager to assist Nepal’s to achieve its development goals.

Saying that Qatar can cooperate with Nepal in the areas of Education, Health and Economic Development, Frangieh expressed his views over areas for development-oriented investments.

Minister Pun said that the recent Qatar visit by President Bidya Devi Bhandari was successful in fostering mutual relations between the two countries.

Appraising the delegation that a 100 percent foreign investment in energy was possible as Nepal has adopted a liberal policy for investment in energy, Minister Pun requested for investment in the sector.

Minister Pun said that the government has prioritized rural electrification and proposed Qatar for cooperation to achieve the government’s goal to provide electricity access to all populations within the three years.

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