The Ambassador of Uganda to the United Arab Emirates (UAE), H.E Kibedi Zaake elucidated that due to President Museveni’s continuous engagements with the investors in UAE, the Foreign Direct Investment has managed to grow from USD1 billion to USD3 billion.
“Your Excellency, by the time you came for the Dubai expo 2020, the Foreign Direct Investment from UAE to Uganda was at USD1 billion but after the engagements you held with the President of UAE and some of the rulers plus the companies you met, Your Excellency, the FDI grew by three-fold this year; it has now come to USD3 billion,” Amb. Kibedi informed the President.
The leader of the delegation from UAE, Mr. Rashid Karim revealed that in UAE they are looking for a sustainable growth of their economy based on knowledge and innovations and that is why they are working with countries like Uganda to discover such opportunities.
