Rwandan private sector explores investment opportunities in UAE

A delegation from the Rwandan private sector, the Rwanda Development Board (RDB) and the Rwandan Embassy in the United Arab Emirates (UAE) is holding an investment roadshow in the UAE to explore Investment and Trade Opportunities between the two countries.

The events will take place in the Emirate of Abu Dhabi, Sharjah, Ras Al Khaimah and Dubai from 21 to 25 February, culminating in the Visit Rwanda Golf Championship.

Also read: Rwanda, UAE eye deeper ties in new partnership agreement

The roadshow provided a platform to facilitate matchmaking between Rwandan and UAE business executives in sectors such as agro-processing, fintech and financial services, manufacturing, real estate, ICT, logistics, trade, hospitality, healthcare and education.

Also read: Rwanda, UAE sign labor agreement

“Rwanda and the UAE have a good relationship and bilateral trade and investment flows have been on the rise for the past four years,” said Rwanda’s ambassador to the UAE, Emmanuel Hategka.

“We hope that the UAE-Rwanda Business Forum and Investment Roadshow will bring the two business communities closer and deepen cooperation. Indeed, now is the right time to reactivate economic exchanges to sustain the post-pandemic economic recovery.”

The UAE is one of Rwanda’s major trading partners. Over the past 10 years, trade has grown tenfold to exceed $1 billion by 2022. Some 11 Arab companies registered in Rwanda have committed investment worth more than $134 million.

“We organize these events to strengthen our business ties with the UAE,” said Philip Lucky, acting chief investment officer at RDB.

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“We expect the Rwandan private sector to take advantage of the UAE’s advanced economic sector and attract the expertise and investment needed to grow the Rwandan economy.”

For Jeanne-Françoise Mubiligi, Acting President of the Private Sector Confederation, the UAE roadshow is an excellent opportunity for Rwandan investors to engage with their counterparts on potential trade and investment opportunities.

“Rwandans are already trading with the UAE and this is another great opportunity to further strengthen our partnership,” Mubiligi said.

Memorandums of Understanding (MoUs) are expected to be signed during the event, including between the Rwandan private sector and the Federation of UAE Chambers of Commerce and Industry to establish a joint UAE-Rwanda Business Council.