The pearl of Africa is among 192 countries that are exhibiting at the 2020 Dubai World Expo currently hosted by Dubai in the United Arab Emirates.
The Dubai Expo 2020 will run for six months from 1 October 2021 to 31 March 2022 and Uganda has already set foot. It will be open seven days a week, from 10:00 to 00:00 on Saturday to Wednesday, and 10:00 to 02:00 on Thursday and Friday.
The Expo is a tool for economic, culture and social improvement, counting the collaborating of the most powerful countries in the world that act together for a global growth and it aims at activating the achievement of the goal sustainable development at the level of countries, communities and families.
The theme of Expo 2020 Dubai is “Connecting Minds, Creating the Future” with three (3) sub-themes of “Mobility”, “Opportunity” and “Sustainability.” Uganda is participating under the “Opportunity” subtheme.
The Program for People and Planet will encourage innovation and discussions, re-imagining the economy, respect, dignity and equality. There will be five tracks, namely Leave No One Behind, Build Bridges, Thrive Together, Live in Balance and UAE Vision 2017, exploring the biggest challenges for humanity today.
Uganda’s first citizen, president Museveni, on Sunday officiated at the opening ceremony of the Uganda National Day and told investors that the country was “ripe for investment, ready for profit-driven business, and the time is right now.”
The President has also met Sheikh Mohamed bin Zayed, the crown prince of the Emirate of Abudhabi, who promised to visit Uganda in January 2022.
In the first three days of this expo, Uganda is already reaping big and better is yet to be achieved.
The Chairman of Uganda Investment Authority (UIA) Board Morrison Rwakakamba said they met with a team from Guangzhou Wondfo Biotech, a pharmaceutical company that will today sign a $50 million deal before President Museveni to invest here.
According to Rwakakamba, Bruce Gurfein, the chief executive of Connect LLC, a 60-year-old company based in UAE, presented a plan to invest $500 million in Uganda.
Dogyap, a Turkish agro-processing company, has plans to establish an agro-industrial business park with facilities to process and export into the European Union as a primary market, according to the UIA chairman.
The UIA Director General Robert Mukiza has said they can now issue investment licences within an hour and they plan to seal deals worth $700m this week.
“We hope to attract at least $4bn by the end of the expo,” he said.
According to Mukiza, his team met with Harshad Modha, the chief executive of Modha Investments, who will sign agro-investments deals worth $150M.
The UIA director also revealed that they met Chandra Singh, the director of Elite Agro, a leader in agricultural investments in the UAE and they will “sign initial investments of USD 20M for agro-processing”.
UIA says Uganda has over 70 bankable projects ready for investment in different sectors.
At the expo, Uganda is showcasing the country’s tourism potential such as the different bird specie, gorillas lakes and rivers as well as food tourism, cultural tourism and investment opportunities among others.
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