Vice President Joseph Boakai Stresses the Need to Rescue O.A.U. Village in Virginia

Thursday, 30th November 2006

Monrovia, Liberia - Liberia’s Vice President Joseph N. Boakai has stressed the urgent need to rescue the O.A.U Village in Virginia which is being threatened by sea erosion.

The O.A.U Village in Virginia was constructed by the administration of the late president William R. Tolbert to host the 1979 O.A.U Summit, but the entire Village may disappear  unless measures are instituted to rescue it.

Vice President Boakai was speaking Thursday when a five-man delegation from the Dubai based Landmark International Company which has expressed interest in investing in Liberia, paid a courtesy call on him.

Vice President Boakai said there are unlimited investment opportunities in Liberia, and hoped those who have expressed interest in investing in the country will begin to concretely translate their wishes into action.
“The opportunities are here. Ours is a small country with a lot of resources,” Vice President Boakai said.

Briefing the Vice President earlier, the Chief Executive Officer of Landmark International, P.S Khinda said his company is interested in investing in the Construction and mining sectors of the Liberian economy.

Mr. Khinda said if given the opportunity, his company wishes to complete all government owned unfinished buildings like the new defense and health ministries in Congo Town and Paynesville, as well as the national housing central bank buildings on Ashmun which were all constructed during the administration of the late president Samuel Kanyon Doe.

Mr. Khinda who owns a constructed firm in Dubai, said his company is also interested in renovating the Hotel Africa Hotel in Virginia and the Ducor Palace Hotel in Mamba Point.

Former GSA Director  Clarence Momolu who accompanied the investors to the Vice President’s office,  said the Dubai based investors meant business, noting that they have already  registered a Liberia branch of Landmark International and opened an account at ECOBank Liberia.