The Uganda Investment Authority (UIA) has launched a campaign on investment facilitation and protection, targeting both local and foreign investors.

The campaign is in line with the directive by President Museveni to ensure that at least 25 industrial parks are fully built and are functional by 2026.

The campaign further seeks to entrench Government’s industrialisation agenda, catalyse import substitution and promote exports. It will also ensure that Uganda continues to be the leading investment destination in East Africa.

According to UIA, the campaign will ensure support is provided to local and foreign investors in benefitting from the generous incentive package that Uganda offers, including access to industrial parkland.

“We would like to urge all potential investors, especially indigenous Ugandans that the Government has made available 81 square miles of land in our gazetted industrial parks, countrywide. If you have an interesting value addition project, please feel free to approach us with your idea or project,” Robert Mukiza, director general at UIA, said.

“Ugandans should be aware that all land in industrial parks is free of charge. However, once it is allocated to you, you are expected to follow certain terms and conditions, including starting to develop it in 18 months, constructing factory or office buildings in 2 years, roofing the structures in 3 years and installing machinery in 4 years. Failure to follow these guidelines will result in the withdrawal of allocated land.”