Raslans invest over D500M in Gambia

Friday, January 18, 2019

Vice President Ousainou Darboe said on Tuesday that the Egyptian Raslan family has made a whooping investment of some 500 million dalasis into various sectors of Gambia’s economy since the opening of their first branch in the country in 1992.

Presiding over the inauguration of Raslan Mall owned by Saad M. Raslan International Trading Company located along Kairaba Avenue, Mr. Darboe praised the company for heavily investing and meaningfully contributing to the socio-economic development of The Gambia, saying their presence in the country is recognised.

The inauguration of the mall was part of the Egyptian company’s 25 years anniversary of business in The Gambia, including their involvement in charitable activities, investment in education, agriculture and fishing. The company also runs both English and Arabic basic cycle school.

Speaker of the National Assembly, Information minister and Egyptian investors among other high profile dignitaries attended the opening.

“The company has taken its rightful role in promoting and advancing Gambian economy and has invested not less than five hundred million dalasis in The Gambia since its coming here,” VP Darboe said in his inaugural statement.

He stated that the government welcomes the investment by the company, saying Gambia government is committed to creating the enabling environment that will allow investors of all sectors to partake in the economic life of The Gambia.

He further said that the business environment of the country has changed for the better since 2017.

Founder and Chairman, AlhajiSaad M. Raslan expressed his readiness to invest more in The Gambia in order to create more employment for Gambian youth.

Hatim M. Raslan, managing director, Saad M. Raslan International Trading said investing in the new Gambia is to contribute to the socio-economic development of the nation as well as complement government’s efforts in making the country a greater place for all citizens and people living in The Gambia.

He noted that it is their hope that their company would contribute in addressing unemployment among Gambian youth.

He pointed out that with the conducive environment created by the government they are determined to go the extra mile in contributing to the inclusive development of the nation.

Abdoulie Jammeh, director of Trade, deputizing for the minister of Trade, Industry, Regional Integration and Employment, said the opening of the company wouldhelp increase the economic activity and commercial attractiveness of the Kanifing Municipality.

According to him, trade and trade related issues have now gained more prominence in the National Development Plan to create the environment that supports private sector development for employment creation as well as drives the economic activity of the country.

Mr. Jammeh assured that government would continue to work closely with the private sector, while thankingthe private sector for constructive engagement with the government.

Author: Cherno Omar Bobb