President Museveni receives Kuwaiti investor

Tuesday 31st July 2012

President Yoweri Museveni with Kuwait Gulf Power Corpeoration Ltd who are exploring oil investment opportuninities in Uganda, they wer led by Executive Chairman Mohamed Aoun (2nd left), extreme left is Chairman Tamoil Uganda Habibu Kagimu at Stae House Nakasero on Tuesday. PPU photo by Kalibbala Kato Jacob. President Yoweri Museveni has today received the Executive Chairman of the Gulf Power Corporation Limited, Mr. Mohammad Aoun, who called on him at State House, Nakasero.

Mr. Aoun, an oil processing Engineer, who was accompanied by his father Mr. Ali, expressed the readiness of their company to partner with the government of Uganda to invest in electricity generation and oil processing by constructing an oil refinery.

The Gulf Power Corporation Limited which is based in Kuwait has opened up similar projects in Ethiopia and South Sudan.

Mr. Aoun further expressed their interest in working together with the Government of Uganda to form a distribution company in refined oil products.

President Museveni warmly welcomed them to Uganda and pledged government’s support to the company’s projected business venture in the country.

The President, however, asked Mr. Aoun to also take interest in adding value to Ugandan products like fruits, cereals, bananas and potatoes, among others.

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