The Ajman Chamber of Commerce is actively exploring collaboration opportunities with Uganda to enhance mutual investments and strengthen economic ties between the two regions. In a recent meeting, Chairman Abdullah bin Mohammed Al-Muwaiji discussed the potential for increased bilateral trade, emphasizing the benefits of cooperation in various sectors. This initiative reflects a growing interest in fostering business relationships that can boost economic growth and open new avenues for investment.
Enhancing Economic Relations
In a vital dialogue, Engineer Abdullah bin Mohammed Al-Muwaiji, Chairman of the Ajman Chamber, met with Zaki Zanom Kibeedi, the Ambassador of the Republic of Uganda to the UAE. The discussion revolved around the development of reciprocal investments and promoting trade between Ajman and Uganda. Present at this significant gathering were Salem Al-Suwaidi, the General Director of the Ajman Chamber, Aicha Al-Nuaimi, Director of the Investment and Business Promotion Department, and representatives from the Ugandan Embassy, held at the Ajman Chamber’s headquarters.
Investment Opportunities in Various Sectors
During the meeting, Al-Muwaiji highlighted the Ajman Chamber’s commitment to bolstering economic and commercial relations. He pointed out the emirate’s strategic efforts to enhance the business environment and attract investments across multiple sectors. He particularly praised Uganda’s agricultural capabilities and quality food industries, alongside its textiles and other supportive manufacturing sectors, suggesting numerous collaboration possibilities for investors from both countries.
Facilitating Business Interactions
The meeting included a comprehensive presentation on investment opportunities in Ajman, showcasing the ease of doing business and the integration of government entities in service delivery. Key sectors for investment were discussed, such as industry, tourism, construction and real estate, education, healthcare, and services. The discussion prompted recommendations for organizing joint meetings that would bring together business owners and investors from both nations to share experiences, explore investment opportunities, and examine potential partnerships and agreements with Ugandan chambers of commerce.
Invitations for Future Collaborations
Moreover, a call was extended to Ugandan investors to visit Ajman and explore the various investment prospects available in the Ajman Free Zone, Al Zawra area, and other crucial sectors. Zaki Zanom Kibeedi commended the diverse resources and attractive investment environment in Ajman. He reiterated his country’s intent to broaden its cooperation in trade, industry, and services, thereby enhancing the volume of trade and fostering partnership opportunities between the business communities of Uganda and Ajman. He also invited the Ajman Chamber to participate in the upcoming Ugandan-Emirati Business Forum, scheduled for October in the Ugandan capital, Kampala.