Business Sudhir Ruparelia’s magnificent Speke Resort Munyonyo has been selected to host the Uganda-Turkey Trade summit organised by Uganda Investment Authority.
The event will be held on May 11 and 10 at Speke Resort Munyonyo in Kampala under the theme ‘Accelerating Investment, Trade, Industry and Tourism between Uganda and Turkey in a post-Covid Era’.
The Chief Guest of the Summit will be H.E the President of the Republic of Uganda, H. E. Yoweri Kaguta Museveni.
The focus of the summit is on key growth sectors in Uganda namely Manufacturing, Industrial Parks, Mineral Beneficiation, Agro value addition and Tourism, as well as development of Uganda’s infrastructure through construction of roads, energy generation and transmission lines, in which Turkey has demonstrated strength and has the capacity of deepening her investments in Uganda.
The summit will provide opportunities for Joint Ventures, Partnerships and Business-to-business links between Turkish and Ugandan investors and businesses.
The Summit will be crowned with the launch of the Uganda-Turkey Industrial Park and Trade Centre in Nakasongola which will be constructed through a partnership between the Uganda Investment Authority and the UPDF’s National Enterprise Corporation.
Uganda and Turkey have enjoyed warm and cordial bilateral relations since 1969. These were further cemented with Turkey’s opening of a fully-fledged Mission in Kampala in 2010 and Uganda’s reciprocal opening of a Mission in Ankara in 2011.
Both countries are members of the Organization of Islamic Conference (OIC) and have implemented several joint projects in the Education, Agriculture value addition, Environment, Infrastructural Development, ICT and Construction spheres through the Turkish Cooperation and Coordination Agency (TIKA).
The trade volume between both countries increased to US$71 million in 2021, up from US$63 million in 2020. In 2021 alone, Turkish exports to Uganda increased by 26% and Uganda’s exports to Turkey increased by 418%.
On the side of tourism, the Summit is aimed at identifying, engaging and attracting new investment leads from Turkey and promoting Uganda as a preferred investment destination in Africa, as well as facilitating engagements between potential investors and Ugandan business people.
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