Dubai Expo: Museveni persuades Investors to ‘profitable’ Uganda
By Ritah Kemigisa
President Museveni has positioned Uganda as the right and best place for Investment at the ongoing Dubai expo 2020.
Presiding over the Uganda National day at the expo on Sunday, Museveni said Uganda is profitable with a rich market for any kind of business adding that everything can be produced in Uganda.
The president has boasted of a country rich in all kinds of raw materials right from agriculture to Marine and Infrastructure to make a business succeed.
He adds that Uganda’s population which is bound to increase from 42m to 100m by 2050 also presents a good market for all kinds of products.
The President meanwhile says the highly educated population also provides an opportunity for one to produce knowledge-based products.
On Sunday, Burj Khalifa, which is the tallest building in the world was decorated with the colours of the Ugandan national flag to celebrate Uganda national day.
The Uganda Investment Authority has revealed that they are targeting getting USD 4 billion worth of investments from the ongoing six months Dubai Expo.
According to the Authority’s board Chairperson Morrison Rwakakamba, discussions with investors in the sectors of Agro-processing, mineral processing in Gold, ICT among others are ongoing.
He says the president will today sign letters of intent with Six big investors from Turkey, London, China whose investment value is at about USD 800M.
He adds that among the deals Uganda is eying is the construction of a Gold refinery.
Rwakakamba meanwhile notes that over time they have witnessed an increased interest in Investment in Uganda, a trend he attributes to available electricity, investment land bank, security and return of investment.
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