Nepal invites UAE investment in Budhigandaki Hydropower Project

KATHMANDU: Nepal invited the United Arab Emirates (UAE) to invest in the Budhigandaki Hydropower Project during a high-level meeting in Abu Dhabi on Saturday.

The proposal was put forward by Home Minister Sudhan Gurung during a courtesy meeting with UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi as part of the minister's visit to the UAE.

According to the Home Minister's secretariat, the two sides discussed bilateral trade, investment and economic cooperation. They also exchanged views on the modernisation of security agencies and the wider use of technology.

Minister Gurung also proposed cooperation in the development of Nepal's agriculture and service sectors, as well as in security technology.

The secretariat said both sides welcomed the exchange of formal proposals related to Nepal's planned projects and agreed on the need to take the necessary steps to advance them. They also expressed interest in expanding cooperation in the future.

Gurung left for Dubai on Friday to attend the World Police Summit.