UNCCI to partner with UAE investors on business opportunities

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Uganda National Chamber of Commerce and Industry(UNCCI) has partnered with Investors from the United Arab Emirates to explore business opportunities countrywide.

During the meeting at the UNCC office, Kampala, on Wednesday, Khaled Mahmoud, the director of FOODCO, a National foodstuff company based in the UAE, said that they came to see how to invest and even look for opportunities as well as to partner with Ugandans in areas like Agro-industries, energy, training facilities, among others.

The UNCCI Vice President, Stephen Kalibala, said during the meeting that the potential collaboration between the two nations and the eager exploration of opportunities will mutually benefit both business communities.

“With a presence in various parts of the country and a membership of over 5,000, we are well-positioned to facilitate growth and Uganda's robust and diverse economy, driven by agriculture, energy, and services, offers a solid foundation for sustainable economic growth, backed by our rich natural resources,” he said.

Kaliballa said UNCCI has member companies dealing in finance, security and agriculture sectors, among others.

“Facility management is also a growing industry, with many companies seeking to outsource facility management services. There are opportunities for training and capacity building in areas such as security operations, risk management, and facility maintenance, “he said.

Kaliballa said that Islamic Banking Uganda's financial sector is growing, with an increasing demand for Islamic banking services.

“Islamic banking can provide an alternative financing option for individuals and businesses, particularly in areas such as trade finance, project finance, and asset management, “he said.

Kaliballa said UNCCI facilitates land acquisition across the country, providing access to affordable land markets, suitable areas for agriculture and other investments, due diligence services research capabilities across districts.