President Museveni and his counterpart Sheikh Mohamed bin Zayed Al Nahyan, the President of UAE & ruler of Abu Dhabi have held bilateral discussions of mutual interest between the two countries.
The president who’s in UAE on the invitation of Sheikh Zayed, also attended the Abu Dhabi Sustainability Week (ADSW).
The sustainability week is a global initiative championed by the UAE to accelerate sustainable development and advance economic, social and environmental progress.
Now in its 15th year, ADSW continues to drive global debate around climate action.
According to a statement from state house, at the sidelines of the conference, President Museveni met and held discussions with his host Sheikh Mohamed bin Zayed Al
Nahyan and that the two leaders discussed matters of bilateral and mutual interest between the two countries.
Museveni on behalf of Ugandans extended condolences to the United Arab Emirates at the death of their former President Sheikh Khalifa but also equally congratulated President Mohammed bin Zayed Al Nahyan Mohamed on being elected to the presidency of the United
Museveni was all smiles at the increasing number of UAE business people who are coming to Uganda.
President Mohammed bin Zayed welcomed Museveni to the United Arab Emirates and commended the excellent bilateral relations between the two countries.
Zayed commended Museveni and his governmnent for according the UAE investors who come to Uganda excellent and peaceful environment to do business that is reported to be the best in the world.
He pledged to encourage more of UAE business people to make Uganda their investment destination.
Meanwhile, Museveni also met the business community in UAE.
“Uganda and Africa in general are like a gold mine and we are just at the entrance of the mine. You the business people need to take advantage of these opportunities.” Museveni said.
Addressing the UAE-Uganda Presidential Initiative on Investment Summit in Abu Dhabi, Museveni told the participants that although Uganda’s economy is growing at 6% per annum; the economy has great potential to grow faster.
Gen. Museveni briefed the investors about the economic history of Uganda and noted that although the National Resistance Movement government inherited a largely collapsed economy when it got into power, the NRM has managed to stabilize the country’s economy.
Museveni further told the business forum that it was wise for any business minded person to invest in Uganda because of its large market of 43 million people, the East African market of 300 million people and the entire African market.