Seychelles Investment Board reports $24.5M in UAE-funded projects
Board accelerated assessment turnaround and increased project volume during positioning phase.
Seychelles Investment Board reported $24.5 million in UAE-funded projects as part of its work positioning the country for capital inflow. The board stated it increased the volume of projects assessed and accelerated assessment turnaround during the period. The figure was disclosed in a statement published by Gulf News on the board's coordination with counterpart agencies.
Assessment volume and turnaround acceleration#
The board stated it accelerated assessment turnaround and increased coordination with stakeholders during the assessment process. Where counterpart agencies lacked information, the board sourced and provided it to enable faster decisions, according to the statement. The board described its role as executing government priorities and serving as custodian and primary partner for investors. The core work is aligning the national development strategy with investors' needs, the board stated. No comparative figure for previous assessment volume or turnaround time was given in the published statement.
SDG Investor Map and sustainable industries#
Seychelles developed the SDG Investor Map to guide private capital toward sustainable investment opportunities, the board stated. The country is cooperating with UAE investors through partnerships in sustainable industries while strengthening institutional capacity, according to the statement. The board described the work as aligning the national development strategy with investors' needs. The SDG Investor Map was developed to direct private capital into opportunities meeting sustainable development goals, according to the published material. No specific sectors or partnership terms were disclosed in the published material.
Institutional priorities and project development#
The board stated it must build and present bankable projects across priority sectors. It identified improving de-risking mechanisms as an institutional priority. The board described itself as the primary partner for investors entering Seychelles. The statement outlined the board's focus on building trust and strengthening the business mindset. No timeline or target figures for future project volume were given in the statement.
Sources1 source across 1 domain
- gulfnews.comGulf News$24.5 million in UAE-funded projects, accelerated assessment turnaround, SDG Investor Map development, and board statements on strategic positioning
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