President Museveni has assured Investors of abundant resources in Uganda that favor investment of any kind.
The President made the case during the ongoing 2020 Expo in Dubai during the opening ceremony of the Uganda Day.
Museveni said that Uganda is gifted with all the necessary raw materials, such as minerals, agricultural produce, as well as market beyond the country’s borders.
“Uganda is the right place because it happens to have all these three. When you come to invest in Uganda, you can produce so many goods and so many services, the spectrum is so big, and it is really unimaginable. There is nothing you cannot produce in Uganda,” Museveni said.
Museveni assured investors of ready market for the products both in Uganda and the African continent.
The President said that more than 6,500 Made-in-Uganda products are eligible for export to the U.S. market – tariff and quota free.
“We are 42 million people, the youngest population. Will be a market of 106 million by 2050. Products Made-in-Uganda can be sold to 1.4 bn people in Africa. Once you produce a product in Uganda, it can be sold in the whole of Africa because now we have got the Continental Free Trade Area, the market of East Africa, the market of COMESA,” he said.
Museveni added that Uganda has a highly educated population, with many scientists and technicians who facilitate production of knowledge based products.”
The President was accompanied at the Expo by some Cabinet members including Finance Minister, Matia Kasaija, ICT Minister Chris Byaromunsi, Minister of Energy, Ruth Nankabirwa, and the Speaker of Parliament, Jacob Oulanyah as well as members of the Uganda Investment Authority among others.
Museveni on Saturday met and held bilateral talks with the UAE crown prince whom he extended an invitation to Uganda.
He also met the Vice president of UAE HH Sheikh Mohammed bin Rashid, and they together toured the Ugandan pavilion at the Expo.
The theme of Expo 2020 Dubai is “Connecting Minds, Creating the Future” with three (3) sub-themes of “Mobility”, “Opportunity” and “Sustainability.”
Uganda is participating under the “Opportunity” sub-theme.
