CAIRO, March 25 (KUNA) -- Cameroonian (designated) Minister of Economy Yaqoub Abdullah on Friday affirmed his country's relentless efforts to enact legislations intended to lure and encourage foreign investments in the country.
Abdullah, during a meeting with a visiting Kuwaiti parliamentary delegation held in the capital Yaounde, called on Kuwaiti entrepreneurs to make use of investment opportunities in the Cameroon.
"There is a study to create a legal framework for protecting Kuwaiti investments and provide legal protection to the investors in addition to working out an accord for evading double taxation," he was quoted as saying during the meeting.
Lawmakers in the country have already enacted two legislations; one dealing with incentives, taxation and customs and the other with establishing industrial zones, he said, noting that external investors can accomplish paper work in a very short period of time, with aid from government offices present in cities and airports for this particular purpose.
He expressed gratitude to Kuwait for various support and aid for his country, indicating that the Kuwait Fund for Arab Economic Development (KFAED) has contributed to construction of a 100-km-long road linking the east and north of the country in addition to an academy project.
For his part, the Kuwaiti MP Saud Al-Heraiji underscored Kuwait's ongoing support for brotherly and friendly nations. (end) ms.rk