2 March 2016

Liberia: MNG Group of Companies to Invest in Liberia - President Sirleaf Welcomes Initiatives

President Ellen Johnson Sirleaf has expressed the need to encourage more investments in Liberia as a means of helping grow the Liberian economy and create more jobs for Liberians; adding: "the Liberian government is committed to seeking more partnerships to improve the lives of the people".

According to an Executive Mansion release, the Liberian leader made the assertion when she received in audience the Chairman of the Board of Directors, Mr. Mehmet Nazif Gunal of MNG Group of Companies and delegation from Turkey at her temporary Foreign Ministry office on Wednesday, March 2, 2016.

She assured Mr. Gunal and delegation that Liberia is indeed prepared for business while expressing optimism about the prospects of investing in the country. She pledged the government's commitment to ensure investors are protected under the laws of Liberia. The Liberian Chief Executive assured the visiting delegation of her government's readiness to work with the company in bringing economic relief to the country. "It is the responsibility of government to create the opportunity and reshape the country's focus towards viable development", President Sirleaf observed.

The Liberian leader emphasized the need for time-frame, and added that she will ensure the relevant Ministries provide technical details on what Liberia expects out of the investment, adding, "We have twenty months left in this administration" She said.

She then used the opportunity to thank Mr. Mehmet Nazif Gunal and delegation for chosen Liberia as investment destination and called on other potential international investors to invest in the country for economic growth.

For his part, Chairman Mehmet Nazif Gunal said he will invest in Liberia's energy, hotel, agriculture and education sectors to provide more jobs for Liberians. He expressed interest in making good these opportunities and in building partnerships with local businesses and the government aimed at investing in the economy.

Mehmet Nazif Gunal, a Turkish billionaire, owns 10 of the top hotels in Turkey as well as one that is a replica of the Kremlin. Mr Gunal also has shares in airlines, particularly through aircraft maintenance, freight management, among others.

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