President Uhuru Kenyatta has assured global investors that Kenya is open and safe for business .

Speaking when he lauched celebrations to mark the Kenya National Day at the Expo 2020 Dubai,president Kenyatta said his administration has put in place a legal framework for investment that provides adequate investor protection in line with most international standards including safeguards for property rights.

He added that Kenya enjoys political and economic stability a fully liberalized economy, a large domestic consumer market a youthful, skilled and productive labour force as well a modern infrastructure network.

“These attributes have made Kenya the location of choice for multinational companies and a leading destination for foreign direct investment in the region, “the head of State said as he kicked off activities to showcase Kenya’s rich cultural and economic diversity at the global exposition.

A total of 192 countries are participating in the six-month world exposition in Dubai with every country allocated a national day of honour .

At the same time, President Kenyatta reiterated that Kenya is keen to build new trade relationships with the gulf cooperation council states and other countries participating in the expo.

“ We seek to harness the opportunities offered by this expo to build New investment partnerships, attract new investment and bring tourists to Kenya to enjoy our world-renowned attractions,” the president said.

Noting the goals of Kenya’s vision 2030 which include transforming Kenya into a newly industrializing middle-income country by the year 2030. the President said trade, investment, and strong partnerships with the private sector and key in realizing the vision.

By Kafeero Twaha update at 1946 EAT ON 16 February 2022

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