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Del-York meets senior Saudi govt officials to promote investments in U.S, Africa, others

By Guardian Nigeria
04 August 2022   |   3:55 am
The chairman of Del-York Group, in conjunction with U.S. partners, Messrs. Huffine Global, has paid a visit to the Kingdom of Saudi Arabia to meet with key government officials, investment fund managers and strategic investors interested in taking advantage of potential strategic partnership opportunities between the Kingdom, the United States and Africa.

Linus Idahosa

The chairman of Del-York Group, in conjunction with U.S. partners, Messrs. Huffine Global, has paid a visit to the Kingdom of Saudi Arabia to meet with key government officials, investment fund managers and strategic investors interested in taking advantage of potential strategic partnership opportunities between the Kingdom, the United States and Africa.

Coming hot on the heels of the recent visit of U.S. President Joe Biden to the Kingdom, the Del-York delegation are part of a select team of business interest follow-up mission to the Kingdom to expand on established protocols and opportunities between the two countries initiated during the previous week of the Presidential visit.

Del York’s President and Chief Executive Officer (CEO), Mr. Linus Idahosa, while on the visit, is meeting with several stakeholders and investor groups, who have indicated keen interest in exploring partnerships in the U.S. and Africa in key areas, such as agriculture, energy (gas and power), defence, transportation, education, mining and tourism.

Idahosa also pitched Del York’s ongoing partnership with the Lagos State government to develop a multimillion-dollar film city project soon to commence in Epe at the international investor meetings.

The U.S. delegation was led by the President of Huffine Global Solutions, Edward Huffine, accompanied by the CEO of the King Abdullah Global Humanitarian Fund, Sultan Alsadoon: a special rep to the Crown Prince and a team led by the President of the Financial Coordination Center (FCC) met with the Governor of the Mecca Province of Taif, Prince Saud bin Nahar bin Saud Al Saud, ministers, heads of multiple Saudi investment fund groups, among other influential high-level chief executives, who indicated their firm interest in exploring and executing the business opportunities.

While speaking in the meetings, Idahosa indicated: “We are hoping to introduce a number of these high-powered investors with whom we have formalised partnership arrangements on this trip to mutually beneficial opportunities with partners at the sub-national level and with important private sector operators in Africa.

“At a time Nigeria is in dire need of dollar-denominated patient capital, the opportunity for these relationships could not have presented itself at a better time.

“Expectedly, our partnership with the Lagos State government to develop a major film city project in the state is top on our agenda. Still, there are different important and exciting opportunities across other sectors that we believe will be of immense benefit to the business community back home, which were concretised throughout this visit.”

The delegation will leave Saudi Arabia upon completion of its engagement with other high-level state functionaries during the week.

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