Tag: Prime Minister Pushpa Kamal Dahal

  • Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy

    Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy


    The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This two-day event, themed ‘Emerging Nepal,’ aims to showcase 125 national-level projects across various sectors to attract investment and foster economic development in the country.

    Prime Minister Pushpa Kamal Dahal, in discussions with development partners, emphasized the government’s unwavering commitment to creating a secure and conducive investment climate. The Investment Board of Nepal (IBN) has extended invitations to over 1,100 potential investors, with more than 100 projects identified as viable for display at the summit.

    Nepal boasts promising investment prospects in sectors such as clean energy, tourism, agro-processing, mining, information and communication technology (ICT), transportation, and manufacturing. Highlighted projects include the Nepal-China Friendly Industrial Park in Jhapa, the Upper Marsyangdi-2 Hydropower Project, grid-connected solar initiatives in Banke and Kapilvastu districts, and a potential agreement with Dabur Nepal for expanding production capacity.

    The estimated cost of the Nepal-China Friendly Industrial Park is $786 million, while the Upper Marsyangdi-2 Hydropower Project seeks $647 million in Chinese investment. Grid-connected solar projects and Dabur Nepal’s expansion plan also present significant investment opportunities, showcasing Nepal’s appeal to prospective investors.

    Despite past investment summits in 2017 and 2019 aimed at boosting Nepal’s attractiveness to investors, challenges remain in translating summit outcomes into tangible results. The government has undertaken pre-event activities abroad and streamlined preparations, but delays in amending relevant legislation persist, hindering progress towards creating a more investor-friendly regulatory environment.

    Pre-Seminar on Nepal Investment Summit held in Zhejiang Province of China - Click Nepal

  • IME Group Partners with China CAMC Engineering for Disneyland-Inspired Tourist Destination in Nepal

    IME Group Partners with China CAMC Engineering for Disneyland-Inspired Tourist Destination in Nepal


    The IME Group, in collaboration with China CAMC Engineering (CAMK), is embarking on an ambitious project to create a sprawling tourist destination, similar to Disneyland, in Nepal. This groundbreaking venture is set to revolutionize Nepal’s tourism sector, offering a wide range of attractions and experiences for visitors.

    IME Group’s Vision for a Disneyland-Inspired Tourist Destination in Nepal:

    The IME Group, in partnership with China CAMC Engineering (CAMK), has set its sights on transforming Nepal into a world-class tourist destination, reminiscent of iconic attractions like Shanghai Disneyland. This visionary project was formalized during Prime Minister Pushpa Kamal Dahal’s recent visit to China, signifying a significant milestone for Nepal’s tourism industry.

    China CAMC Engineering’s Expertise:

    China CAMC Engineering (CAMK), a subsidiary of the China National Machinery Industry Corporation (Sinomach), is a renowned leader in engineering design, construction, and consultancy services. The company has a remarkable track record, with notable achievements such as the successful completion of the Pokhara Regional International Airport and various projects worldwide.

    IME Group Chairman Chandra Dhakal’s Vision:

    Chandra Dhakal, the chairman of the IME Group, emphasized the comprehensive nature of the agreement. This partnership extends across multiple sectors, including industry, infrastructure, information technology, and the development of attractions like cable cars, theme parks, and world-class tourist destinations within Nepal. Dhakal stressed that this collaboration would harness the combined experience and expertise of both companies for the successful execution of the project.

    Creating a World-Class Theme Park:

    In its initial phase, the project aims to establish a large-scale theme park, inspired by the grandeur of Shanghai Disneyland and Singapore’s Sentosa Island. Dhakal revealed that preliminary groundwork for the theme park’s construction has already begun. Due to its substantial space requirements, the park is likely to be located outside Kathmandu, with Chitwan being considered as a potential site.

    Technical Expertise and Investment:

    China CAMC Engineering will provide technical assistance and expertise for the project, while the IME Group will oversee the investment aspect. This collaborative approach ensures that the project benefits from the strengths of both entities.

    Lastly:

    The IME Group’s partnership with China CAMC Engineering to create a Disneyland-inspired tourist destination in Nepal represents a major leap forward for the country’s tourism sector. This ambitious project promises to provide visitors with a world-class experience, and with the combined efforts of these two influential entities, Nepal is poised to become a premier tourist destination. Stay tuned for more updates as this exciting venture takes shape!