Chad launches $30 billion investment drive from UAE

Chad has officially launched the first round of investment talks in the UAE under its National Development Plan, Chad 2030, also known as 'Chad Connection 2030'.

The initiative aims to attract around $30 billion in investments across key sectors.

The launch took place in Abu Dhabi during the UAE-Chad Trade and Investment Forum, attended by ministers, officials and business leaders from both countries.

Chad’s Finance Minister, Tahir Hamid Nguilin, said the plan offers incentives for investors, including tax exemptions, streamlined regulations and access to priority economic zones.

The plan targets major infrastructure upgrades, expanded access to electricity and water, digital transformation, and improvements in education, health and transport.

The central African nation aims to achieve 8 per cent annual GDP growth by 2030 to join the ranks of middle-income countries.