Rwanda has entered into a new partnership to develop its automotive industry, focusing on the creation of a centralized service center for maintenance, repairs, remanufacturing, and parts distribution, the Rwanda Development Board (RDB) announced Monday.
The memorandum of understanding (MoU) was signed by RDB CEO Francis Gatare, Oweis Zahran, Group CEO of Melt Holdings, and Omar Al Mulla, CEO of Investment at Sharjah Asset Management. Sharjah Asset Management is the investment arm of the Government of Sharjah in the United Arab Emirates (UAE).
The partnership aims to establish a hub for automotive services in Rwanda, with potential expansion into hospitality and real estate sectors. The deal aligns with Rwanda’s broader efforts to diversify its economy and strengthen key industries.
Sharjah Asset Management’s portfolio includes investments in sectors such as banking, real estate, oil and gas, logistics and transportation, commercial and retail, and technology and communications.
The collaboration is expected to create new economic opportunities and further enhance Rwanda’s position as a growing hub for regional trade and investment.
