ArcelroMittal has Contributed the Biggest Foreign Direct Investment for Social Economic Advancement - News Summed Up

ArcelroMittal has Contributed the Biggest Foreign Direct Investment for Social Economic Advancement


Opinion By: Stephen Roberts/ BSc EconomicsFor decades now, Liberia has not been able to bring the benefits of global economic attractions to door steps. This is especially in an era of economic development where Foreign Direct Investment (FDI) and exporting are now essential components of a local economic development strategy. The country has over the years struggled to attract foreign investors, from identifying targeted sectors to engaging new business and doing business with foreign entities, from cultural differences to tax and financing issues. Despite her infrastructural and national security challenges AML opted to invest in Liberia and since 2005 spent a little over 1.7 billion on its Liberian operation. However, while a few may not come to appreciate the role AML has and continues to play, the company record stands to speak for her.


Source: GNN Liberia September 15, 2022 02:08 UTC



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