Qatar Tycoons Invited To Invest In Uganda
President Yoweri Museveni has invited entrepreneurs from Qatar in particular and the Middle East as a whole to invest in Uganda.
Museveni said this would enable the businessmen to tap into the brisk business opportunities the country offers, especially in the processing sector.
He said that despite the past challenges, Uganda which is well endowed with abundant raw materials base, the country continues to progress towards the attainment of its goal of societal transformation.
The President made the remarks Tuesday during a meeting with the visiting former Chairman of the National Council for Culture and Heritage of the State of Qatar, His Highness Sheikh Saoud bin Ali al Thani who called on him at State House, Nakasero.
Museveni, who delved into a number of bilateral issues between the State of Qatar and Uganda, stressed that Uganda economy is growing at an appreciable pace.
He, therefore, called on entrepreneurs from the State of Qatar to take advantage of the immense business opportunities that the country offers adding “with a lot of raw materials that are available, Uganda is only awaiting serious entrepreneurs to tap into the available opportunities.”
Sheikh Ali al Thani commended the President and the Government of Uganda for maintaining peace and security and also for other impressive development programmes the country has registered under the NRM administration.
Thani assured the President that Qatar is committed to investing in Uganda especially in the agricultural sector. He also lauded the working relationship between Uganda and his country.
Qatar is a net exporter of gas and since 1996, the country has concluded gas export agreements with Spain, Turkey, Italy, USA, France, South Korea, India, China, Taiwan and the United Kingdom.
The Qatari government’s strategy is to utilize its wealth to generate more wealth by diversifying the economic base beyond hydro-carbons.
State Minister for Regional Affairs, Mr. Asuman Kiyingi, attended the meeting.
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Updated on 2013-05-09 09:25
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