President Yoweri Museveni has called on foreign investors to consider investing their money and skills in Uganda, adding that the country has a conducive investment climate.
The President made the remarks last week while meeting Ibrahim Zakhem, the vice president of Zakhem International Construction Limited, a civil and mechanical engineering company based in Beirut, Lebanon.
At the same meeting, which was held at State House Nakasero, and attended by officials from Uganda National Oil Company (UNOC), State Minister for Planning, David Bahati called on the investors to invite other partners and fellow Lebanese to come and take up the vast opportunities available in Uganda.
Mr. Zakhem, on his part, expressed his company’s interests in participating in the oil and gas infrastructure development in Uganda.
He said his company, which has been in existence since the 1960s, has undertaken the construction and rehabilitation of thousands of kilometers of pipelines and huge oil storage tanks in Africa and the Middle East.
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