Dubai – Mubasher: Dubai’s Global Sphere signed on Sunday a corporation deal with Liechtenstein Foundation for State Governance (LFSG) to execute a number of ventures in Tunisia, Mauritania and South Sudan.
Global Sphere, prominent investment company in United Arab Emirates, will obtain the necessary approvals from the governments of the three countries in order to enable LFSG, widely known in development projects sector in global markets, to work on the prospected ventures in Tunisia, according to a statement by the company.
The two companies will focus firstly on establishing a strong financial structure through attracting financial and global firms to the relevant countries, after obtaining the needed approvals from their governments.
Global Sphere Chairman, Dr. Abdullah Al Sayegh, said that the Principality of Liechtenstein, one of the smallest countries in the world with an economy based on financial services, is keen on providing all economic, political, social and educational services.
Al Sayegh asserted that his company’s investment will not be limited on financial projects only, but it will extend to all other services sector.
On a relevant note, the International Monetary Fund said that Africa needs about $93 billion annually to cover its need of investing in infrastructure until 2020.
