Sharjah Chamber organizes the UAE – Uganda Trade and Investment Forum in Kampala

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The Sharjah Chamber of Commerce and Industry (SCCI), which was represented by the Sharjah Exports Development Center that falls under the chamber’s umbrella, organized the UAE – Uganda Trade and Investment Forum in Kampala. The forum is part of the activities of the chamber’s 4th trade mission to East Africa.

The UAE – Uganda Trade and Investment forum was organized by the chamber, in cooperation with Ugandan Investment Authority, the Private Sector Foundation Uganda (PSFU) and the Uganda National Chamber of Commerce and Industry (UNCCI). The trade mission, which was headed by HE Abdullah Sultan Al Owais, Chairman of the SCCI, strengthened its network of relations with the Ugandan business community, where bilateral meetings were held between members of the trade delegation and their Ugandan counterparts.

The forum, which was recently held in the Sheraton Hotel in Kampala, included the participation of 30 Emirati companies that operate in various manufacturing and industrial sectors such as iron, steel, food, power solutions and electronic devices among others. The forum was held with the aim of developing trade relations in Uganda and reviewing the investment opportunities available in both Uganda and the UAE.

The event was held in the presence of high-level officials from Uganda, including Rt Hon. Dr Ruhakana Rugunda, Prime Minister of Uganda; HE Matia Kasaija, Minister of Finance, Planning and Economic Development; in addition to senior officials from the Ugandan government and a number of representatives from the Ugandan business community.

The activities of the forum were also attended by HE Abdulrahim Obeid Al-Falahi, Chargé d’affaires at the UAE Embassy in Kampala; HE Mohamed Rashid Ali Demas and HE Nasir Musabeh Ahmed Al Tunaiji, Boards members of the SCCI; Abdulaziz Shattaf, Assistant Director-General for Members Services at the SCCI; and representatives of Expo Centre Sharjah, as well as a number of businesspeople and investors in Sharjah.

Rt Hon. Dr Ruhakana Rugunda, Prime Minister of Uganda, state that his country is proud of its strong relations with the United Arab Emirates, and that it is keen to develop these relations in all fields. He expressed his hope that the trade mission organized by the Sharjah Chamber of Commerce and Industry will help to drive economic development further, which will enhance the volume of investment between the private sectors of Uganda and the UAE, as well as raise the rates of trade exchange between the two friendly countries.

The Prime Minister of Uganda praised the efforts made by the Sharjah Chamber, especially during the last four years, to strengthen the economic, trade and investment relations with his country by organizing trade missions, which helped to enhance cooperation between the two countries. He stated that Uganda welcomes Emirati investors and businesspeople, and that his country is keen to provide support, incentives and facilities that serve the interests of both sides.

HE Abdullah Sultan Al Owais, Chairman of the SCCI, stated that the chamber is keen to develop the economic relations between Uganda and the UAE in general, and between Uganda and the Emirate of Sharjah in particular, in order to contribute in raising the rates of trade exchange and to establish new and promising investment partnerships between the friendly countries.

Al Owais highlighted some of Sharjah’s competitive advantages such as the diversity of its economy, its modern infrastructure, and its flexible legislation among other attractive features. He called on the Ugandan business community to invest in the Emirate of Sharjah, and to benefit from the volume of support and facilities that the Sharjah Chamber offers to foreign investors in order to enable them to set up their businesses in Sharjah and achieve the best returns and results.

HE Abdulrahim Obeid Al-Falahi, Chargé d’affaires at the UAE Embassy in Kampala, praised the strong diplomatic, economic and trade relations between the UAE and Uganda. He stressed the importance of this type of economic meeting, as well as the importance of exchanging trade missions and reviewing the prospects of cooperation and joint investment between the private sectors of both countries.

The forum showcased a promotional video entitled “Invest in Sharjah”, as well as a presentation that highlighted the facilities offered by Sharjah to investors and the services provided by the Chamber to the business community. The presentation was followed by bilateral business meetings between businesspeople from Sharjah and representatives of Ugandan companies, as well as field trips to a number of prominent economic enterprises in Kampala.

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