President Museveni Engages with UAE Business Delegation
President Yoweri Museveni of Uganda met with a group of investors from the United Arab Emirates (UAE). The meeting took place at Speke Resort Hotel in Munyonyo, where both parties explored potential business prospects.
The UAE delegation, led by His Excellency Rashed Abdulkarim AlBlooshi, the Undersecretary of Abu Dhabi Department of Economic Development, engaged in discussions with the President. President Museveni extended a warm welcome to the investors, urging them to consider investing in Uganda. He assured them of a peaceful and business-friendly environment in the country.
“Uganda has a wealth of resources, from minerals and food to various fruits. The country enjoys a tranquil atmosphere due to our robust systems, and it offers access to the expansive African market even before considering global expansion. This presents a mutually beneficial opportunity for the UAE and Uganda,” President Museveni emphasized.
Additionally, President Museveni highlighted the abundant natural resources in Uganda, particularly in its forests. These resources, including medicinal plants and unique foods, have been underutilized for centuries. However, recent advancements by Ugandan scientists have transformed traditional remedies into essential antiviral drugs, which played a pivotal role in saving numerous lives during the COVID-19 pandemic.
The President acknowledged the financial support provided by the government to these scientists and emphasized the importance of collaboration between the private sector and the scientific community for enhanced research and innovation to foster economic growth.
In response, Rashed Abdulkarim AlBlooshi expressed the UAE delegation’s eagerness to invest in Uganda. Their primary areas of interest include agriculture, pharmaceuticals, and healthcare. He conveyed their commitment to establishing a mutually beneficial partnership for the advancement of both Uganda and the UAE.
The meeting was attended by Uganda’s Minister of State for Investment and Privatization, Evelyn Anite.