KAMPALA, Uganda— Uganda and UAE investors signed six agreements Saturday, including deals on aviation, tree planting, digital land management, logistics cargo hubs, storage chain facilities, and a comprehensive digital payment system for government transactions.
President Yoweri Museveni witnessed the signing of the agreements, thanking His Highness Sheikh Mohammed Bin Maktoum and UAE investors for their commitment to investing in Uganda.
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“I want to thank His Highness Sheikh Mohammed Bin Maktoum and our friends from the UAE for their commitment to investing in Uganda,” Museveni said.
One of the agreements signed was for the construction of a $4 billion oil refinery in Hoima District, with a capacity of 60,000 barrels per day.
“The oil refinery is not just about fuel, but also about Uganda producing and exporting refined products instead of importing them,” Museveni said. “We must stop exporting raw materials and instead add value to everything we produce.”
The other five agreements cover various sectors, including aviation, where UAE investors will support the development of Uganda’s aviation industry. In the area of tree planting, UAE investors will partner with Uganda to plant trees and promote environmental conservation.
The agreements demonstrate the growing partnership between Uganda and the UAE, with investments expected to transform various sectors of the economy and improve the lives of Ugandans.
“I welcome our UAE partners in these endeavors,” Museveni said. “These investments will create jobs, stimulate economic growth, and help us achieve our development goals.”
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