Uganda and Dubai Business Communities Ink Cooperation Deal

The Dubai chamber of commerce has signed a memorandum of understanding (MOU) with the Uganda national chamber of commerce and industry aimed at enhancing cooperation between the business communities in Uganda and Dubai.

The agreement was signed during a bilateral business forum at Sheraton hotel Kampala arranged by the Dubai international chamber, one of the three chambers operating under the umbrellas of Dubai chambers.

According to the MOU signed,the two parties will work together to promote collaboration between companies from Dubai and Uganda,as well as organize trade missions,conferences and business events.

The agreement also encompasses the sharing of knowledge and expertise to unlock mutual benefits,consulting on business policies and exploring bilateral investment opportunities.

His Excellency Mohammad Ali Rashed Lootah,president and CEO of Dubai chambers,commented, “we are committed to strengthening Dubai’s trade and investment partnerships with countries worldwide, including Uganda supporting companies from Dubai to grow and expand globally across diverse sectors remains a priority. This contributes to enhancing Dubai’s foreign trade and consolidating it’s position as a leading global business hub.”

Speaking at the same event, the prime minister of Uganda Rt Hon Robinah Nabanja expressed her delight in the strong working relations between the two countries and highlighted the governments efforts to attract investors through such partnerships.

“The agreement signed between Dubai chambers and the Uganda chamber of commerce and industry aims to promote and protect investment. I believe this forum will effectively achieve its primary objective of facilitating dialogue between the Ugandan and UAE government as well as the business community, while creating opportunities to foster new investments and business partnerships for the mutual benefits of both sister countries.”