President invites Qatar entrepreneurs to do business in Uganda

Tuesday 17th April 2012

President Yoweri Museveni has extended an invitation to entrepreneurs from Qatar in particular and the Middle East as a whole to invest in Uganda so that they are able to tap into the brisk business opportunities the country offers, especially in the processing sector. He said that despite the past challenges, Uganda which is well endowed with abundant raw materials base, the country continues to progress towards the attainment of its goal of societal transformation.

President Yoweri Museveni greeting the delegationPresident Yoweri Museveni greeting the delegation of visiting former Chairman of the National Council for Culture and Heritage of the State of Qatar, His Highness Sheikh Saoud bin Ali al Thani (centre) who called on him at State House, Nakasero 17/4/2012. PPU photo

The President made the remarks today during a meeting with the visiting former Chairman of the National Council for Culture and Heritage of the State of Qatar, His Highness Sheikh Saoud bin Ali al Thani who called on him at State House, Nakasero.

Mr. Museveni, who delved into a number of bilateral issues between the State of Qatar and Uganda, stressed that Uganda economy is growing at an appreciable pace. He, therefore, called on entrepreneurs from the State of Qatar to take advantage of the immense business opportunities that the country offers adding “with a lot of raw materials that are available, Uganda is only awaiting serious entrepreneurs to tap into the available opportunities.”

President Museveni meets with visiting former Chairman of the National CouncilPresident Yoweri Museveni holding talks with visiting former Chairman of the National Council for Culture and Heritage of the State of Qatar, His Highness Sheikh Saoud bin Ali al Thani who called on him at State House, Nakasero 17/4/2012. PPU photo

His Highness Sheikh Ali al Thani commended the President and the Government of Uganda for maintaining peace and security and also for other impressive development programmes the country has registered under the NRM administration. He assured the President that Qatar is committed to investing in Uganda especially in the agricultural sector. He lauded the working relationship between Uganda and his country.

Qatar is a net exporter of gas and since 1996, the country has concluded gas export agreements with Spain, Turkey, Italy, USA, France, South Korea, India, China, Taiwan and the United Kingdom. The Qatari government’s strategy is to utilize its wealth to generate more wealth by diversifying the economic base beyond hydro-carbons.

State Minister for Regional Affairs, Mr. Asuman Kiyingi, attended the meeting.

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