Saudi Arabian investors eye Nigerian oil and gas sector

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Saudi Arabian trading group Abdel Hadi Alqatani and Sons has revealed plans to explore business opportunities in Nigeria's oil and gas sector

The company has led a delegation to Nigeria’s capital Abuja on a mission to build business ties with the country's energy and manufacturing sectors.

According to Nigeria daily BusinessDay, Al-Qahtani said a team from the company was in the country to seek direction for an accelerated investment process in Africa’s second largest economy.

The company’s vice chairman, Salah Al-Qahtani, led a delegation to meet with executive secretary of the Nigerian Investment Promotion Commission (NIPC), Malam Mustafa Bello, where he disclosed plans to invest in Nigeria’s oil and gas sector.

Bello told the investors, “We promise all the support with the necessary information and getting relevant approvals to enable your company settle down and commence business.”

The NIPC secretary noted that the federal government had set in motion policies to attract foreign investors, adding that the country had the human and natural resource, market size and growing infrastructure to drive investment growth.


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