The Nicaraguan Embassy organized a cultural evening titled as “Nicaragua – Yesterday and Today”, which coincided with the birth anniversary of the leader and symbol of national resistance Augusto Cesar Sandino.
Nicaragua’s Ambassador, H.E Mohamed Farara Lashtar, during his speech has urged Arab investors to consider investing in his country, emphasizing that the favorable conditions offer promising returns.
He also highlighted Nicaragua’s Foreign Investment Law, which guarantees protection and ease of investment through freedom of ownership and seamless financial transactions.
While acknowledging that Arab investment in Nicaragua is currently limited, with the majority coming from the United States, Central America, and Europe, Ambassador Lashtar emphasized on the vast potential for Arab investors to capitalize on the attractive investment climate in his country.
Ambassador Lashtar also shared that Nicaragua welcomes visitors from all countries without the need for a visa. Travelers can enter the country through various ports of entry, including airports, land crossings, and seaports. While some countries still require visas due to unstable conditions, countries in the Gulf Cooperation Council, including Kuwait, enjoy visa-free entry.
He also spoke about the Nicaraguan President Daniel Ortega contributions for the Palestinian cause, emphasizing the close bond between the Sandinista Front for National Liberation and the Palestinian resistance movement, with members of the Sandinista Front having participated in joint operations with the Palestine Liberation Organization during the late 1960s and early 1970s.
Recalling President Ortega’s first visit to Kuwait in 1992, with his commitment to peace and his efforts to foster global harmony. An official protocol agreement was signed between Kuwait and Nicaragua in 1990, and in 2013, and the Nicaraguan embassy was established in Kuwait. Expressing gratitude to Kuwait for its cooperation and solidarity, Ambassador Lashtar noted that the Nicaraguan embassy in Kuwait is the only one representing Nicaragua in Africa and the Arab world.
While also highlighting the contributions of the Kuwait Fund for Development, including the construction of the largest hospital in Chinandega, Nicaragua’s third-largest city.
Known for its agricultural and animal production, Nicaragua boasts a thriving industry driven by over 250,000 small and medium-sized agricultural businesses and productive cooperatives.
As Nicaragua opens its doors to Arab investors, the country looks forward to forging mutually beneficial partnerships that will drive economic growth and foster stronger ties between nations.
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