Ambassador Kibedi said Mr. Nawabzada Zaheer Barakzai, the chairman of Mega Movers Pakistan is planning to invest $30m in a logistics and container terminal in Arua.
United Arab Emirates to host Uganda Convention
PRESS RELEASE
United Arab Emirates to host Uganda Convention
KAMPALA, UGANDA: The United Arab Emirates (UAE) diaspora in collaboration with the Uganda Embassy
in the United Arab Emirates (UAE) are organizing the third annual Uganda convention codenamed UAE-2019.
in the United Arab Emirates (UAE) are organizing the third annual Uganda convention codenamed UAE-2019.
Acting Director General of the Uganda Investment Authority Lawrence Byensi is therefore calling on Ugandan
business community to market their products at the convention that is scheduled for October 15-18, 2019 at
the Hyatt Regency hotel hotel in Dubai.
business community to market their products at the convention that is scheduled for October 15-18, 2019 at
the Hyatt Regency hotel hotel in Dubai.
Mr. Lawrence Byensi, UIA Acting Director General
“The United Arab Emirates predominantly depends on oil but is currently aiming to raise the share of nonoil
foreign direct investments through various initiatives including the forthcoming convention,” Mr. Byensi told
the media in Kampala.
foreign direct investments through various initiatives including the forthcoming convention,” Mr. Byensi told
the media in Kampala.
He explained that the objectives of the convention include sharing information on investment opportunities,
challenges, solutions and business matchmaking, an exhibition and trade fair among others.
challenges, solutions and business matchmaking, an exhibition and trade fair among others.
The theme of this year’s convention is “Joining Hands To Seize Opportunities” and it was chosen so as to
match with Uganda’s theme of “Park of Opportunity” for the Dubai Expo 2020.
match with Uganda’s theme of “Park of Opportunity” for the Dubai Expo 2020.
He said that from the year 2002 to 2019 the authority has also attracted 27 projects from the United Arab
Emirates.
Emirates.
Three of them in agriculture, hunting and fish, one in community and social services, one in Construction,
one in electricity, gas and water, four in real estate, finance and business services.
one in electricity, gas and water, four in real estate, finance and business services.
“Others include nine projects investing in manufacturing and two in mining and quarrying, five in storage,
transport and communication while another one has invested in wholesale, retail, catering and
accommodation,” he said.
transport and communication while another one has invested in wholesale, retail, catering and
accommodation,” he said.
The press conference also addressed by Uganda’s envoy to the United Arab Emirates H.E Zaake Kibedi
who pointed out that remittances from the United Arab Emirates have grown from $888m in the year 2014.
In year 2015, they grew to $902m, to $1,146m in 2016 and to $1,375m in the year 2017.
who pointed out that remittances from the United Arab Emirates have grown from $888m in the year 2014.
In year 2015, they grew to $902m, to $1,146m in 2016 and to $1,375m in the year 2017.
H.EZaake Kibedi urged the Ugandan business community to exploit the trade opportunities that exist
between Uganda and the UAE.
between Uganda and the UAE.
“Many Ugandan business people are yet to take advantage of the existing trade and investment
opportunities that exist between Uganda and Abu Dhabi, it is time to take advantage of the business
opportunities in the various sectors and products,” he said.
opportunities that exist between Uganda and Abu Dhabi, it is time to take advantage of the business
opportunities in the various sectors and products,” he said.
“We invite the Ugandan business community to come and showcase their products since the UAE is a
potential area for trade and has become the leading destination to Uganda’s exports more than the
European Union since 2016.
potential area for trade and has become the leading destination to Uganda’s exports more than the
European Union since 2016.
“It is for this reason why Uganda should enhance relations with the UAE,” he said adding that some
companies from the UAE are already planning to invest in Arua, Northern Uganda.
companies from the UAE are already planning to invest in Arua, Northern Uganda.
These include M/S Amea Power which has already signed a memorandum of understanding with the
Ministry of Energy to establish a power production plant in Karamoja.
Ministry of Energy to establish a power production plant in Karamoja.
The high breed plant is expected to utilize the speeding wind to make solar energy and it is estimated to
cost $100m, Karamoja is a sustainable place because of its wind,” he said.
cost $100m, Karamoja is a sustainable place because of its wind,” he said.
Ambassador Kibedi also said another investor Mr. Nawabzada Zaheer Barakzai, the chairman of
Mega Movers Company in Pakistan is planning to invest $30m in a logistics and container terminal in
Arua.
Mega Movers Company in Pakistan is planning to invest $30m in a logistics and container terminal in
Arua.
He requested the Uganda Investment Authority to identify 50 acres of private land in Arua not exceeding
three to four kilometers from Arua town which the company can purchase and develope.
three to four kilometers from Arua town which the company can purchase and develope.
He said that Ugandans can export products to the region including agricultural products, semi manufactured
gold, gold plated with platinum, spirit type jet fuel, Nile perch (lates niloticus), brans, sharps and other
residues of wheat, kidney beans including white pea beans whether dried, shelled, skinned or split. Others
are telephones for cellular networks of other wireless networks, beans dried of species vigna mungo, hepper,
vigna radiate and when shelled, skinned and or not split.
gold, gold plated with platinum, spirit type jet fuel, Nile perch (lates niloticus), brans, sharps and other
residues of wheat, kidney beans including white pea beans whether dried, shelled, skinned or split. Others
are telephones for cellular networks of other wireless networks, beans dried of species vigna mungo, hepper,
vigna radiate and when shelled, skinned and or not split.
Ugandans can also take advantage of exporting milk and cream in powder with 1.5 percent fat content but
with no sugar or any other sweetening matter is added.
with no sugar or any other sweetening matter is added.
Source : Uganda Investment Authority
https://www.ugandainvest.go.ug/united-arab-emirates-to-host-uganda-convention/
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