Nepal is most favourable investment destination in South Asia: PM

Kathmandu, July 3

Prime Minister KP Sharma Oli has urged Spanish entrepreneurs to invest in Nepal stating that Nepal is one of the most favourable destinations for investment in South Asia,

"Political stability, open market policies, a competitive labour force, and laws ensuring investment security have made Nepal an attractive destination for international investors," he said while addressing a business interaction programme organised by the Nepali Embassy in Madrid, Spain, on Thursday.

The programme was attended by members of the Spanish and Nepali business communities, the Prime Minister's secretariat informed from Madrid.

Prime Minister Oli noted that Nepal has prioritised inclusive economic transformation and recognised the private sector as the key engine of economic growth.

He also made it clear that the government is committed to creating an investment-friendly environment by making legal, institutional, and procedural reforms more effective.

“Nepal has a clear path of stability, potential, and reform with vast opportunities in renewable energy, agriculture, information technology, tourism, health, and education,” said PM Oli, according to the Nepali Embassy in Madrid.

Nepal’s Ambassador to Spain, Sunil Nepal, said that the visit had opened many doors between Nepal and Spain. He also maintained that he had been making various efforts to enhance cooperation between the two countries in the areas such as investment, trade, education, skills, employment, tourism, art, and culture.

During the programme, Nepal’s Foreign Secretary Amrit Bahadur Rai, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Dhakal, among others, also discussed the prospects of bilateral cooperation between Nepal and Spain.

Rai delivered a statement at the Ministerial Meeting of the Landlocked Developing Countries (LLDCs) on ‘Financing a New Decade of Development for Landlocked Developing Countries’ on the margins of the FfD4.

"In his statement, he highlighted steep and structural barriers to progress faced by landlocked developing countries due to their geographical isolation and lack of sea access, among others," according to the Embassy.

The embassy hosted a special event following Prime Minister Oli's participation in the Fourth International Conference on Financing for Development (FfD4) held in Spain.

Meanwhile, PM Oli visited the famous football club Real Madrid's Santiago Bernabéu Stadium in Madrid where he was welcomed and given a tour of the state-of-the-art stadium by the club's international director, Pedro Martin de Miguel.

Likewise, he also inspected the office of the Nepali Embassy and Prado National Museum there.

The Nepali delegation, led by Prime Minister Oli, which departed for Spain last Saturday, is scheduled to return to Nepal on Thursday. PM Oli is arriving in Kathmandu on Friday afternoon. 

Published in The Rising Nepal daily on 4 July 2025.