Business
Kuwait investors to construct cement factory in Budaka
Publish Date: Nov 20, 2012
Kuwait investors to construct cement factory in Budaka
Museveni flanked by Finance Minister Maria Kiwanuka, Saudi Arabia DAO Group Partner Shafi Bin Hamad Al-Bajash, President DAO Group Mohamad Aoun (extreme right), Kuwait Ambassador to Uganda, Rashed Al-Hajri, during the ground breaking ceremony at Daka on Tuesday. PPU photo
  • mail
  • img
newvision

President Museveni is taking  the drive to economic boom by the horns like he preached in his last state of the nation address that the best times for the country lay ahead. 

Hardly a week after he returned from Sri Lanka and Thailand to preach the investment gospel, he has broken ground for the contruction of a cement factory that will be two times the size of Hima Cement Factory in Kasese. 

A Saudi Arabian company, DAO GROUP of Kuwait, will contruct the factory at Daka village in Budaka District. It will produce 5000 tons of cement daily. 

Museveni breaks ground for the factory as Finance Minister Maria Kiwanuka (M),  Saudi Arabia DAO Group Partner Shafi Bin Hamad Al-Bajash, Group President Mohamad Aoun (extreme right), Kuwait Ambassador to Uganda, Rashed Al-Hajri cheer him on Tuesday. PPU photo

The cement factory will provide 10,000 jobs direct and indrectly for Ugandans. 



The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Automation improves revenue collection by 21%
OVERALL automation and adaption of online tax systems have pushed up revenue collection up by 21% in the last two years, the tax authority has revealed...
Minister Kyambadde urges farmers to join cooperatives
The minister of trade, industry and cooperatives Amelia Anne Kyambadde has called on Ugandan farmers to form or join cooperative societies...
Uganda to get income status by 2018
THE Ugandan economy is three years away from attaining low middle-income status if the second phase of the national development plan is well implemented...
Oil prices mixed after Saudi king
OIL prices traded narrowly mixed after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen...
Business fraternity advised to embrace Swahili
Ugandan business community has been urged to embrace Kiswahili to enable them benefit from the East African Community....
Africa’s biggest tourism tradeshow Indaba for May in Durban
Africa’s top travel tradeshow, Indaba 2015, is slated to take place from 9 to 11 at the Inkosi Albert Luthuli International Convention Centre in Durban, South Africa....
Should local leaders arrest parents who oppose UPE?
Yes
No
Can't Say
follow us
subscribe to our news letter