An official visit focused on strategic investments
The President of the Republic of Chad, Marshal Mahamat Idriss Deby Itno, is continuing his official visit to the Emirates. This Saturday, 4 July, he granted an audience to a delegation of Emirati entrepreneurs led by the President of SAM Precious Metals, Mr. Sami Abu Ahmad. This meeting is part of the drive to strengthen economic relations between Chad and the United Arab Emirates, a partnership that both countries intend to take to a higher level.
SAM Precious Metals, a major partner for Chad’s mining sector
Established in the United Arab Emirates and specialized in the trading, processing and marketing of precious metals, the company SAM Precious Metals presented its expertise during this audience. The delegation showed keen interest in Chad’s mining potential, particularly targeting gold and its local processing. Chad, rich in still-underexploited mineral resources, offers considerable opportunities for foreign investors, and this meeting could mark a turning point in the development of this strategic sector.
Gold, a lever for Chad’s economic diversification
For Chad, a Sahelian country whose economy relies largely on oil and agriculture, developing its mineral resources is a major axis of diversification. Gold, present in several regions of the country, represents significant development potential. By attracting investors such as SAM Precious Metals, N’Djamena intends not only to increase its export revenues, but also to create local jobs and develop skills in the processing of precious metals, rather than limiting itself to exporting raw ore.
Bilateral cooperation in full expansion
This audience is part of the broader strengthening of ties between Chad and the United Arab Emirates. The two countries maintain cooperation relations in various fields, notably energy, infrastructure and finance. Marshal Deby Itno’s visit to the Emirates is an opportunity to consolidate these gains and open new prospects, particularly in the mining sector. The Emirates, a leading financial and commercial hub in the Middle East, are a privileged partner for Chad, which seeks to attract capital and technology.
Local processing, a key issue
The emphasis placed by SAM Precious Metals on the "local processing" of gold is an encouraging signal for the Chadian authorities. Too often, African countries export their raw resources without benefiting from the added value. By encouraging on-site processing, Chad could create a more integrated mining industry, generate skilled jobs and increase its profit margins. This approach aligns with the vision of the Chadian government, which seeks to promote sustainable and inclusive economic development.
A visit with promising outcomes
The meeting between Marshal Deby Itno and the SAM Precious Metals delegation bodes well for fruitful collaborations in the coming months. If the discussions lead to concrete agreements, Chad could see the emergence of a new hub of economic activity around gold, creating opportunities for local populations and strengthening the country’s economic sovereignty. The next steps will consist of defining the terms of the partnership and putting in place the legal and technical frameworks necessary to carry out the envisaged projects.
A positive momentum for the Chadian economy
This audience with the Emirati entrepreneurs confirms Chad’s determination to diversify its partnerships and develop its natural resources. By betting on gold and local processing, the country is giving itself the means to strengthen its attractiveness to international investors. Marshal Mahamat Idriss Deby Itno, through this proactive approach, shows that he is determined to make Chad a key player in the mining sector in Central Africa. The fruits of this visit should materialize in the coming months, for the benefit of the population and the Chadian economy.
