Dubai Exports Corporation (DEC), in cooperation with the UAE Embassy in the Republic of Rwanda, will organize an expanded trade mission to the Rwandan capital Kigali from 27-30 August. The trade mission, which includes businessmen, exporters and representatives of companies operating in Dubai, aims to explore opportunities for trade cooperation with the Republic of Rwanda, led by the Foundation, and to complete trade deals that will enhance the UAE's exports to the African continent, especially Rwanda.
Cooperation and coordination
Mohammed Ali Al Kamali, Deputy Executive Director of the Dubai Export Development Corporation (EDC), told Emirates Today: “The EDC has been keen to cooperate and coordinate with the Development Council and the Private Sector Union in Rwanda in order to facilitate various activities and meetings to be held and to promote trade cooperation between companies. UAE Exports, together with their counterparts in Rwanda, focusing on exploring prospects and opportunities for cooperation in various sectors. ”
Al-Kamali pointed out that the mission includes a selection of private sector companies operating in the UAE, and its work covers a variety of different commercial and industrial sectors, pointing out that the industrial sector is strongly represented in the trade mission, especially in the field of manufacturing and marketing of plastic products, generators Electrical, energy equipment, perfumes, purifiers, water treatment, food and beverage industry, catering equipment, personal care products, packaging, lighting equipment, electrical equipment, and fire-fighting related products. The delegation also forms specialized companies in the investment sector, business services, information technology and others.
Promising Markets
He pointed out that the mission comes within the framework of the efforts of Dubai Export Development Corporation to pave the way for exporters and companies from the UAE to enter the promising and new markets and seize the opportunities that abound in them. The mission aims to promote the diversified opportunities in the field of export and trade between Rwanda, the Emirate of Dubai and companies. The mission, which plans to hold formal meetings with officials from the public and private sectors, aims to build partnerships and trade relations between the business community in both countries, and promote joint trade and investment cooperation. Al Kamali explained that the mission reflects the continuation of the strategy of the Dubai Export Development Corporation (DEDC) to explore the growing African markets that support the growth and expansion opportunities of the UAE source, pointing out that this contributes to enhance the international knowledge of local companies and institutions, thus enhancing the performance of local or international companies that take Africa's rapidly growing markets are attracting exporters from Dubai, which in turn boosts its strategic location, the international trade movement between Asia and Africa, and is the Asian trade gateway to Africa and Rwanda. One of the fastest growing economies in the world in terms of economic growth.
Strategic alliances
He stressed that the mission will focus on building strategic alliances to support the re-export operations between Dubai and Kigali, and to identify the integrated components enjoyed by the Emirate of Dubai as a global trading center and a vital platform for export and re-export. He said that the mission seeks to cooperate with the business community in Rwanda, strengthen the role of bilateral meetings between companies to support the conclusion of transactions, and help UAE companies to find new markets for their products and expand in international markets.
Rwanda has undergone changes that have made it the capital of tourism on the African continent, and ranks first in Africa in terms of ease of investment, according to the World Economic Development Rankings, and ranked 29th in the world in terms of ease of setting up investment projects and business, according to the World Bank's business assessment index for 2019. Rwanda has a good investment climate.
The investment sectors available in Rwanda are diverse to include investment opportunities in business, agriculture, energy and manufacturing, information and communication technology, mining, infrastructure and tourism, real estate and construction.