Mbah Takes Investment Drive To Austria, Signs MoU

Source: New Telegraph
Author: New Telegraph-Admin

Governor of Enugu State, Dr. Peter Mbah, has taken his investment drive to Vienna, Austria, where he held high level meetings with senior government officials, the business community and international development partners and also signed a Memorandum of Understanding (MOU) towards the development of the state.

Mbah, who seeks to grow the state's economy from $4.4 billion to $30 billion in four to eight years through private sector investment and strategic partnerships, met with the Austrian Minister of Interior, Gehard Karner; Minister of Labour and Commerce, Dr. Martin Kocher; Minister of Agriculture, Norbert Totschnig; Managing Director of the Austrian Promotional Bank, Bernhard Sagmeister among others, who expressed readiness to collaborate with the Enugu State government for the mutual benefits of both parties.

At the meeting with Austria's Minister of Interior, Karner, Mbah and his host agreed to partner across various sectors with opportunities in Nigeria for Austrian SMEs. As a way of kick starting a fruitful relationship, Mbah and Karner signed an MOU on behalf of their respective governments for the establishment of a K-9 training unit in Enugu to boost security and crime detection.

Mbah's meeting with the Austrian Minister of Agriculture, Totschnig, dwelt on the implementation of an agricultural model region, measuring about 2,000 to 5,000 hectares, and replicating the Austrian Cooperative success story in Enugu State.

Meanwhile, the MD of the Austrian Promotional Bank, AWS, Sagmeister, said the bank was already supporting some Austrian businesses investing in Enugu State.

Meanwhile, the Austrian Chamber of Commerce has invited the Enugu State Government to the next Africa Day in Vienna where the state would boost its chances of investment by meeting with over 300 Austrian businesses with interest in overseas investment and opportunities.