Govt eyes sh5,000b investment for industry park
Dec 11, 2009
Uganda’s investment body said on Thursday it expected to attract $2.7b (about sh 5,000b) in investment from some 230 companies planning projects in an industrial park.
Uganda’s investment body said on Thursday it expected to attract $2.7b (about sh 5,000b) in investment from some 230 companies planning projects in an industrial park.
East Africa’s third largest economy is seen growing at around 6.4 percent next year from about 6.5 percent this year. It has been praised for its macroeconomic stability and liberal policies over the past two decades.
The Uganda Investment Authority said it had offered land in an industrial and business park to 230 investors and expected the total value for investors’ projects to hit about sh5,000b.
Firms in priority sectors like agro-processing, information and communication technology, business outsourcing and a few other sectors would get fully subsidised land, it added.
It expected the planned investments to create 60,000 jobs. Total available land was 1,269 acres, and some 805 acres had already been offered to the companies, it said.
REUTERS
East Africa’s third largest economy is seen growing at around 6.4 percent next year from about 6.5 percent this year. It has been praised for its macroeconomic stability and liberal policies over the past two decades.
The Uganda Investment Authority said it had offered land in an industrial and business park to 230 investors and expected the total value for investors’ projects to hit about sh5,000b.
Firms in priority sectors like agro-processing, information and communication technology, business outsourcing and a few other sectors would get fully subsidised land, it added.
It expected the planned investments to create 60,000 jobs. Total available land was 1,269 acres, and some 805 acres had already been offered to the companies, it said.
REUTERS