Uganda has launched an innovative Business Hub in Dubai, designed to promote Ugandan business opportunities and strengthen investment links with the United Arab Emirates (UAE). The Uganda Business Center, situated in the prestigious Fairmont Hotel, was inaugurated by Uganda’s Prime Minister, Robinah Nabbanja, as part of an initiative to deepen Uganda-UAE trade relations.
Prime Minister Nabbanja, in her address, shared her optimism about Uganda’s promising investment landscape, describing the country as resource-rich, with a vibrant population of over 45 million people.
She underscored the potential in several key sectors, including oil and gas, agriculture, tourism, logistics, ICT, and social services.
“Uganda is a nation graced by nature, with lush greenery year-round and a welcoming population. We offer numerous opportunities for those interested in becoming a part of our growth story,” Nabbanja stated.
The event gathered business leaders and potential investors, with Nabbanja assuring them that Uganda is committed to creating a stable environment for their investments.
The Ugandan delegation included prominent officials such as the State Minister for Foreign Affairs, John Mulimba, the Secretary to the Treasury, Ramathan Ggoobi, and the Managing Director of the National Social Security Fund (NSSF), Zaake Wanume Kibedi.
In a promising gesture, UAE investors expressed their intention to explore the vast business prospects available in Uganda. The Ministry of Finance reports that UAE investments in Uganda have reached an estimated $3 billion, highlighting a growing partnership between the two regions.
During her time in Dubai, Prime Minister Nabbanja also met Dr. Raja Al Gurg, a top business figure in the UAE and Chair of the Dubai Chamber of Commerce. Dr. Al Gurg acknowledged opportunities for Ugandan medical professionals to secure employment in Dubai.
This initiative aligns with previous calls from President Yoweri Museveni, who last year encouraged international investors to tap into Uganda’s unexploited resources, citing a steady 6% economic growth rate and an impressive rise in foreign direct investment from $600 million to $1.5 billion.
The Uganda Business Hub in Dubai marks an important step in advancing Uganda’s economic aspirations on the global stage, attracting a broad range of investors and fostering mutually beneficial trade ties with the UAE.