The Sharjah Exports Development Centre has launched a trade mission to Uganda and Kenya from November 11th to 14th, led by Chairman Abdallah Sultan Al Owais. The mission aims to strengthen bilateral trade in sectors such as oil and construction and includes investment forums and meetings between Emirati and local entrepreneurs. This initiative emphasizes the growing economic cooperation between the UAE and East African countries.
The Sharjah Chamber of Commerce and Industry, through its Sharjah Exports Development Centre, has initiated a trade mission to Kenya and Uganda scheduled from November 11th to 14th. This mission is led by Abdallah Sultan Al Owais, the Chairman, and aims to enhance bilateral trade between the United Arab Emirates (UAE) and East Africa, specifically targeting sectors such as oil, construction, logistics, and food production. In Kenya, the delegation’s activities will encompass an investment forum featuring workshops and panels aimed at discussing investment prospects. Following this, there will be individual meetings designed to cultivate business collaborations among Emirati and Kenyan entrepreneurs. Subsequently, the mission will transition to Uganda, where another investment forum will delve into growth opportunities in the infrastructure and oil industries. Local companies will also be visited to better understand the market dynamics. This trade mission underscores the escalating economic partnership between the UAE and East African nations, illustrated by the over $3 billion in non-oil trade with Kenya reported in 2023 and the significant trade increases with Uganda in recent years.
The significance of this trade mission lies in the UAE’s strategic interest in expanding its economic relations with East African countries. In recent years, Kenya and Uganda have emerged as vital trade partners for the UAE, particularly in sectors that are critical to regional development, such as oil and construction. The investment forums present an opportunity for UAE businesses to explore growth avenues and establish presence in these emerging markets.
In summary, the Sharjah-led trade mission to Kenya and Uganda represents a proactive effort to strengthen trade relations and explore investment opportunities in sectors that are crucial for both regions. This initiative not only aims to boost bilateral trade but also facilitates networking between Emirati entrepreneurs and their East African counterparts, fostering long-term partnerships that benefit both parties.
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