On 18 August 2025, Al Mansour Holdings of Qatar and the Ministry of Foreign Affairs of Zambia signed a Memorandum of Understanding (MoU) for partnership in various sectors. Zambian President Hakainde Hichilema was present at the Qatar State House to witness the momentous occasion, and talks have been ongoing since his last official visit in Qatar in 2023.<\/p>\n\n\n\n
The accord represents one of the largest investment deals in the history of Zambia so far. Under Qatar’s new overseas investment plan (#QA300B<\/a>), it is estimated that the total #FDI<\/a> into Zambia might reach USD 19 billion.<\/p>\n\n\n\n “These agreements unlock vast opportunities for economic cooperation and investment. Beyond economic collaboration, Zambia and Qatar will also work together to address global challenges, especially in the promotion of peace, stability, and security, for without peace, there can be no sustainable development.”<\/p>\nZambia President Hakainde Hichilema<\/cite><\/blockquote>\n\n\n\n The projects spanned a wide range of sectors. It includes the construction of 1.5 million units of social housing and the development of #SmartCities<\/a>. Agriculture, Irrigation, Agroprocessing and #FoodSecurity<\/a> will be another important area of cooperation. Zambia, with its mineral-rich #Copperbelt<\/a>, is also keen to monetize its mining resources.<\/p>\n\n\n\n A separate agreement was inked between Al Mansour Holdings of Qatar and the Industrial Development Corporation (IDC) of Zambia to partner in the fields of Transport, Telecoms, Mining, and Energy.<\/p>\n\n\n\n\n