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.
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