Wealthy Lebanese Investor Eyes Ugandan Market

President Yoweri Museveni has urged foreign investors to consider investing their money and skills in Uganda saying the country has a conducive investment climate.

He made the remarks today while meeting Mr. Ibrahim Zakhem, the Vice President of Zakhem International Construction Limited, a Civil and Mechanical Engineering Company based in Beirut, Lebanon.

Mr. Zakhem, on his part, expressed his company’s interests in participating in the oil and gas infrastructure development in Uganda saying his company, which has been in existence since the 1960s, has undertaken the construction and rehabilitation of thousands of kilometers of pipelines and huge oil storage tanks in Africa and the Middle East.

The meeting, which was held at State House Nakasero, was also attended by State Minister for Planning, David Bahati and officials from Uganda National Oil Company (UNOC).

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