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Uganda Hosts Gulf Co-operation Council Investment forum

Uganda is hosting a Gulf Co-operation Council (GCC) investment forum here this week at which local Ugandan businessmen will find opportunities to meet international businessmen.

The GCC forum, which is being organized by the Ugandan government through the Uganda Investment Authority (UIA), will take place under the theme "Uganda: A country of opportunity and prosperity" on Monday and Tuesday.

Aston Kajara, the Minister of State for Finance in charge of privatization, said on Sunday that the business meeting would give and opportunity to local investors to discuss business collaboration with potential investors.

He said local businessmen would have an opportunity to meet and discuss with representatives of key private sector bodies and investment banks from mainly GCC member States -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

The GCC businessmen and bodies have expertise in construction, oil, banking and other financial services that Ugandans can take advantage of to start and grow businesses.

The other organizers of the GCC forum are the Islamic Development Bank (IDB), Arab Bank for Economic Development in Africa (BADEA), The United Nations Industrial Development Organization (UNIDO) and the Federation of Gulf Co-operation Council (GCC) chambers of commerce.

Acting UIA Executive Director Tom Buringuriza said the agency had developed about 200 business ideas/projects which Ugandan business people could access for free and be able to present to potential investors for partnership deals and business collaboration during the forum.


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