THIS WEEK: Museveni woos Qatar investors
Kampala, Uganda | THE INDEPENDENT |President Yoweri Museveni has said Uganda is fast becoming a middle-income country with vast investment opportunities in agro-processing, industrialization and the service based sector.
“Uganda is moving towards becoming a fast world country based on four sectors; commercial agriculture, industries, services and ICT,” he said. Museveni was meeting a delegation from Qatar Investment Fund, led by the CEO Sheikh Abdulla bin Mohammed bin Saud al-Thank at Park Hyatt Hotel at the sidelines of the United Nations General Assembly in New York. The President said investment in the four critical areas including in ICT would reduce the cost of electricity and business transaction in Uganda and promote industrialisation as Uganda moves to becoming a middle income country. Sheikh Abdulla expressed interest to invest in infrastructure development projects in Uganda such as electricity, agro processing industries and the hospitality business.