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Lebanese company expresses interest in Uganda’s oil and gas infrastructure development

Elisha Z. Bwanika by Elisha Z. Bwanika
6 years ago
in National, News
15 1
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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.

President Museveni (C) shares a photo moment with Ibrahim Zakhem (4th R), Vice President of Zakhem International Construction Limited based in Lebanon. Also in the photo Hon Bahati and UNOC officials

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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Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

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