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Royal club UAE launch first hub in Africa
Royal club UAE has launched its first hub in Rwanda. The business club is set to invest in different sectors such as real estate investments in affordable housing, medical sector, logistics facility and increase exports from Rwanda. The company said that Rwanda serves as a gateway to Africa. CNBC Africa’s Zwena Bachoo field this report.
Wed, 13 Oct 2021 10:32:12 GMT
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AI Generated Summary
- Royal Club UAE launches first hub in Rwanda, emphasizing investment in key sectors such as real estate and medical industry, as well as boosting exports.
- Rwanda serves as a strategic gateway to Africa, providing a safe and secure environment for foreign investors and fostering strong business ties with the UAE.
- Trade relations between Rwanda and the UAE are thriving, with partnerships like the one with Dubai Ports World significantly boosting exports and driving economic growth.
Royal Club UAE has officially launched its first hub in Rwanda, marking a significant milestone in their expansion into the African market. The business club is poised to invest in various sectors, including real estate, affordable housing, the medical industry, logistics facilities, and boosting exports from Rwanda. This move underscores Rwanda's growing importance as a gateway to Africa, providing strategic opportunities for foreign investors looking to tap into the continent's potential. Pacific Treeshimal, Chief of Investment Board at Rwanda Development Board, expressed optimism about the partnership, highlighting Rwanda's safety, security, and the value placed on it by its leadership. The selection of Rwanda as the location for the hub over other African countries like Zambia and South Africa speaks volumes about the country's attractiveness for investors. The strong relationship between the UAE and Rwanda is further strengthened through this initiative, which aims to foster collaboration, innovation, and economic growth. The hub will serve as a physical space for businesses from both regions to come together, exchange ideas, and create valuable partnerships that will contribute to the economy. The emphasis on investing in sectors like property, medical, and exports highlights the interest of Royal Club UAE in supporting key areas that can drive sustainable development in Rwanda. Agriculture is singled out as a priority sector, given its existing market and potential for boosting exports. Trade and business relations between Rwanda and the UAE have flourished, with significant milestones such as the partnership between Rwanda and Dubai Ports World to enhance exports through an e-commerce platform. This collaboration has led to a substantial increase in Rwanda's exports to the UAE, demonstrating the positive impact of such alliances. The UAE has been a crucial market for Rwanda, both in terms of exports and imports, and initiatives like the one with Dubai Ports World have proven to be transformative for the economy. Looking ahead, there is a shared commitment to further enhance cooperation and explore new avenues for growth and development. The launch of the hub in Rwanda is just the beginning of what promises to be a fruitful partnership that will yield mutual benefits for the UAE, Rwanda, and the broader African market. As the world looks beyond the challenges posed by the COVID-19 pandemic, opportunities for collaboration and investment in emerging markets like Rwanda become increasingly appealing. The Royal Club UAE's expansion into Rwanda signifies a vote of confidence in the country's potential and sets a positive tone for future engagements. With a focus on key sectors and a commitment to driving economic growth, this partnership is poised to make a significant impact on Rwanda's development trajectory. It also serves as a testament to the enduring ties between the UAE and Rwanda, highlighting the limitless possibilities that exist when two nations come together in pursuit of shared prosperity.
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