President Yoweri Museveni recently landed in Abu Dhabi, the capital of the United Arab Emirates (UAE), to explore investment opportunities. Museveni expressed his anticipation for constructive talks with Sheikh Mohamed bin Zayed Al Nahyan and engagement with Arab investors. The UAE, rapidly transforming from Bedouin tribes to one of the world’s wealthiest states, boasts a high GDP per capita. Fueled by oil reserves, prudent investments, economic liberalism, and robust government oversight, the UAE’s real GDP has tripled over four decades, making it one of the wealthiest countries globally.
Uganda and the UAE have been strengthening business ties, evident in the 2nd Uganda-United Arab Emirates Investment and Business Forum held in Kampala. Prime Minister Robinah Nabbanja urged increased access for Ugandan products to the UAE market during the forum, attended by a delegation from Abu Dhabi and the UAE. The historical collaboration includes signed memoranda of understanding covering investments, taxation, agriculture, and economic cooperation.
