The Solomon Islands Government has signed a partnership Memorandum of Understanding with the Nazar Group of Company and Nazar Gold (SI) Limited.
The MOU spells out the principles and guidelines under which the Solomon Islands Government and the Nazar Group of Company and Nazar Gold (SI) Limited collaborate in implementing the investment plan.
It covers over a four-year period from the date of execution. Further agreements will be negotiated and entered into by the parties.
Speaking at the signing ceremony Chief of Staff in the Prime Minister’s Office Mr George Kuper thanked the Nazar Group for its investment plans for Solomon Islands despite the challenges faced by the previous government in facilitating its investment bid.
Mr Kupa said now that the principal MOU is in force, all parties must now work aggressively to fulfil them.
The MOU was signed on Friday by the Prime Minister’s Special Secretary, Mr Rence Sore, Chief Executive and Director of the Nazar Group of Company Mr Sukru Cebi and the Director of Nazar Gold (SI) Limited, Ms Edyta Marta Zborowska.
Meanwhile, Nazar Group CEO and Director Sukru Cebi expressed acknowledgement to the Solomon Islands Government.
He adds this is the time to prove his group is really genuine about investing in Solomon Islands.
Mr Cebi said the Naza Group of Company believes it can change Solomon Islands.
Nazar Gold (SI) Limited was established in Solomon Islands in 2013 by Turkish-Polish dual nationals to buy and export gold.