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Trade exchange between UAE and Uganda reaches $190 million

Current business dealings between two countries focus on raw materials and foodstuffs

The trade exchange between the UAE and Uganda amounted to $190 million in 2014, reveals a senior official.

Juma Mohammed Al Kit, assistant under-secretary of the UAE Ministry of Economy for Foreign Trade, says that Uganda is one of the promising African economies that has been able to achieve high economic indicators over the past year. It also has many natural resources that will help promote strong economic and trade partnerships with the UAE, Aliqtisadi reports.

He adds that most of the business dealings between the two countries focus on raw materials and foodstuffs, and hopes that the next stage will witness growth in trade exchange through intensified government visits, meetings and enhanced communication between businessmen.

He states that Uganda has many investment opportunities, while UAE investors have the expertise and capabilities to take advantage of these opportunities.

It is noteworthy that Emirates airlines has facilitated direct flights between Dubai and Kampala, which is believed to be a contributing factor in the development of trade and tourism between the two countries.

($1 = AED3.67, at the time of publishing)