Uganda is poised to boost its aviation sector with the addition of eight new planes. Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, a prominent member of the Dubai royal family and businessman in the UAE, has already delivered one cargo plane, with seven more to follow.
During his weekend arrival at Entebbe International Airport, Sheikh Mohammed announced a collaboration with Uganda Air Cargo (UAC) and the Uganda National Oil Company to construct an oil refinery in Hoima, capable of processing 60,000 barrels of oil per day.
“The first plane is here to support the export of Ugandan goods, and additional planes will arrive soon,” he said. When asked about his choice to invest in Uganda and the extent of his investment, Sheikh Mohammed emphasized the country’s numerous investment opportunities, particularly in the oil refinery and air cargo sectors.
Robert Mukiza, executive director of the Uganda Investment Authority, welcomed Sheikh Mohammed at the airport, explaining that the Dubai Prince chose Uganda as the focal point for his investments after identifying substantial opportunities. Sheikh Mohammed, accompanied by business partners Mike Douglas and Jaideep Mirchandani, arrived in a private jet to attend the 35th Heroes’ Day celebrations in Gomba District, where he received the Distinguished Honor of the Order of the Crested Crane First Class.
David Fungo Wamai, UAC’s director of finance, confirmed the arrival of a Boeing 737-400 cargo plane, with six more expected following a Memorandum of Understanding signed with Sheikh Mohammed’s company, Alpha MBM, on May 23. “This development is significant as we previously relied on belly cargo for exporting fresh produce. Ugandan exporters can now ship larger volumes at lower costs,” Wamai noted.
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