![]() ![]() Connect LLC: The UAE conglomerate has a raft of projects it will undertaking in Uganda including a renewable energy project that will generate electricity and provide smart energy storing, last mile supply and billing of all utilities and the planning and building of innovative public transport routes. ![]() Matia Kasaija, at a special ceremony staged at the Uganda Pavilion at Expo 2020 Dubai at 14:00 local time. The Letters of Intent were witnessed today by the Ugandan Minister of Finance, Planning and Economic Development, Hon. Through Uganda’s presence at Expo 2020 and beyond we hope to expand the horizon of our partnership into new fields across biodiversity, agro-processing, renewable energy and tourism.” Referring to its involvement in Expo 2020 Dubai, he continued that “Uganda participation and its theme ‘Right Place, Right Time’ underscores it is a country of many opportunities” before concluding: “We do look forward to working together on recovering from the implications of Covid 19 and expect non-oil trade between our nations to surpass pre-Covid levels. Under Vision 2040 Uganda is empowering its youth and putting them on the path to developing the country into an advance economy which provides excellent opportunities for trade in the region.” Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and the Commissioner-General of Expo 2020 Dubai, said at the official ceremony welcoming Uganda to Expo 2020 Dubai for its National Day celebrations: “As one of the fastest growing economies in East Africa and one of the country’s with the youngest population in the world, Uganda’s presence at Expo highlights a journey of growth and development. Our partners therefore have a wide variety of investment options to pick from.” These projects can be actualized through Public Private Partnerships, joint ventures, private or public arrangements and some are greenfield, brownfield or expansion projects. ![]() We are currently promoting about 79 bankable projects at different stages of development that are ready for investment. This was the first trip abroad that our President has taken in over two years and it was undertaken to support this major announcement. Robert Mukiza, Director-General of the Uganda Investment Authority, said: “Today’s announcement of investment of about USD 650m is part of our broader ambition to bring in USD 4 billion of new investment into Uganda to propel the country forward as it embarks on its post-pandemic recovery journey. Uganda is participating under the “Opportunity” theme, with Uganda’s Expo theme of ‘Right Place, Right Time’ The Expo is being held under 3 sub-themes: Opportunity, Sustainability and Mobility. The announcement was hailed as a major first sign of the investment opportunities that the Expo 2020 Dubai will bring to participant countries. The commitments included USD 500m for renewable energy and transportation projects a USD 50m investment into mineral processing and USD 50 million for a new pharmaceutical facility to manufacture high quality diagnostics kits for HIV/AIDS, Malaria, TB, and other POC diagnostic technology. The total investments committed to at the signing ceremony are worth a combined total of about USD 650m. The deals come the day after Uganda celebrated its National Day at the six-month long event that started 1 st October. Investments are across sectors including healthcare, energy and transportationĭUBAI: The Republic of Uganda became the first participant country at Expo 2020 to publicly announce a raft of new investment as the deals were signed by the country during a special ceremony held at the Expo 2020 Dubai today. ![]()
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