Rwanda opens doors to UAE investors

Business Bureau, Gulf Today

In collaboration with Botho Emerging Markets Group, the Sharjah Chamber of Commerce and Industry (SCCI) organised the “Rwanda Investment Showcase” Forum to explore avenues of economic cooperation between the UAE and Rwanda.

The forum was attended by Abdallah Sultan Al Owais, Chairman of the SCCI, Dr. Sultan Al Mulla and Nasir Musabeh Ahmed Al Tunaiji, Board Members, Mohamed Ahmed Amin, Acting Director-General of SCCI, and Yasmin Amri– Chargee d’affaires of the General Consulate of Republic of Rwanda in the UAE. The event comes as part of SCCI’s strategic plan to open up new markets to Emirati investors and businessmen, enhance Sharjah’s investment status, and increase trade and investment exchange between the UAE, particularly Sharjah and Rwanda.

Also present were Uday Bhasin, Senior Partner, Tradeways, as well as top businessmen, senior officials and representatives of government departments, private sectors and media.

The forum discussed ways of developing the UAE-Rwanda economic and trade relations and shed light on Rwanda’s investment environment. It also highlighted Rwanda’s promising investment opportunities available for Emirati businessmen especially in trade, agriculture, real estate, construction and other investment sectors.

The forum also touched on Rwanda’s recent radical changes and paradigm shift, which made it Africa’s capital of tourism and the world’s 29th country in terms of ease of doing business, according to the Ease of doing business index 2019 by the World Bank.

The SCCI chairman Abdullah Al Owais lauded the UAE’s great efforts made to establish strong and fruitful trade relations with African countries. “The volume of non-oil trade between the UAE and Africa hit Dhs140.5 billion, ($38.3 billion).”