Nepal seeks Qatari investments in infrastructure

Deputy Prime Minister of Nepal and Minister for Physical Infrastructure and Transport Narayan Kaji Shrestha has urged Qatar to invest in Nepal.

He stressed that there is great potential to further strengthen relations between Qatar and Nepal, specially in agriculture, hydro-power, infrastructure, tourism and hospitality sectors.

On the sidelines of the just concluded Fifth UN Least Developed Countries (LDCs) Conference in Doha, Shrestha said that Qatar and Nepal enjoy close relations as hundreds of thousands of Nepali nationals have contributed their services towards development of infrastructure of Qatar.

Shrestha, who headed the Nepali delegation to the LDCs Conference, said that all the participants at the conference expressed their views and opinions from various angles and perspectives, hoping for the implementation of the Doha Programme of Action.

He thanked Qatar for providing job opportunities for his countrymen, which have elevated the living standard of millions of Nepali families and supported the economy of Nepal.

He said all the least developed countries stressed the need to revisit the present financial and trade system as it does not provide any opportunity to the least developing countries to rise and develop.

He said although all the participants, including delegates of various agencies, organisations and UN officials, gave their consent and support to the LDCs’ voice during Doha summit, he, however, felt that there are still great challenges in bringing any change in existing global financial system so that poor countries, Least Developed Countries can benefit from the latest development in the whole world.

The Nepali deputy prime minister said that Nepal was given the responsibility of chairing the ‘Coordination Bureau’ of the least developed countries at the Doha. The official transfer of responsibility will take place during a ceremony at the United Nations a month later.