Prime Minister Amama Mbabazi has invited investors from the Kingdom of Saudi Arabia to come and invest in Uganda, saying the country has the best investment climate in the region.
Mbabazi pointed out that Uganda and Saudi Arabia need to translate their excellent bilateral relations into a mutually beneficial trade relationship. He also urged his visitors to encourage their country man to invest in Uganda's tourism sector.
The Premier extended the invitation while receiving an eight-man delegation from the Kingdom of Saudi Arabia led by His Royal Highness Prince Adul Aziz Bin Abdullah, who is also the deputy foreign affairs minister of the kingdom.
Mbabazi hailed Saudi Arabia for the support extended to Uganda in health and education; particularly to the Islamic University in Uganda which is generating income from King Fahd Plaza, a commercial complex in Kampala.
Mbabazi told his guests that Uganda is endowed with a lot of resources, adding that the consolidation of the relationship will help it to gain experience in the oil industry.
He said Uganda is focusing on agriculture and agro-processing, areas that can be exploited by Saudi investors.
Mbabazi said the two countries should organise for an investors' conference, where Saudi investors can know the available opportunities in Uganda.
The Saudi Prince urged the Government to ensure that there is one-stop-centre for investors as a measure to eliminate bureaucracy which usually frustrates investors.
During the same meeting Mbabazi extended his condolences to the Kingdom on the death of Crown Prince Nayef bin Abdul Aziz al-Saudi.