UIA partners with UPDF to construct 25 industrial parks across Uganda
The parks will be in Arua, Gulu, Lira, Buliisa, Hoima, Nakasongola, Luwero-Nakaseke, Kabarole, Mubende, Mityana, Masaka, Kabale, Bushenyi, Tororo, Rakai and Iganga
Uganda Investment Authority (UIA) has Thursday reported an organization with the Uganda Peoples’ Defense Force (UPDF) for the development of 25 mechanical parks across Uganda.
The organization, which is as of now progressing, was declared in a gathering between UIA’s Director General, Robert Mukiza and Lt Gen James Mugira, Managing Director of National Enterprises Corporation (NEC), business arm of UPDF.
The organization comes on the scenery of President Yoweri Museveni’s mandate to government to develop five modern stops each year which would gather together his official term with 25 mechanical parks.
During the president’s debut bureau meeting on 28th June, 2021, Museveni coordinated that UPDF be the framework improvement accomplice.
In the present gathering, UIA’s Director Robert Mukiza, said the cooperation with NEC and UPDF Engineering Brigade is focused on optimizing development of the modern stops in every one of the locales.
UIA as of now works eight modern and business stops in Namanve, Bweyogerere, Luzira, Kasese, Mbarara, Jinja, Mbale, Soroti and Karamoja. It additionally upholds five private mechanical stops in Kapeeka, Lugazi, Buikwe and Mukono.
The new modern and business parks are gotten ready for Arua, Gulu, Lira, Buliisa, Hoima, Nakasongola, Luwero-Nakaseke, Kabarole, Mubende, Mityana, Masaka, Kabale, Bushenyi, Tororo, Rakai and Iganga.
The science, innovation and development parks are anticipated Pakwach in northern Uganda, Kyankwanzi for focal Uganda, Kamuli for eastern Uganda and Rubirizi for western Uganda.
To make the works simpler, UIA, with NEC and the UPDF Engineering Brigade, are fostering a financially savvy spending plan and as indicated by Mukiza, inclusion of the two players will lessen development costs by 70%.
He added that the organization will go far in getting an incentive for cash and ideal finish of tasks.
Mukiza focused on that the modern parks will be for both homegrown and unfamiliar financial backers, adding that attention will be on evenhanded and local dissemination of mechanical parks.
“Advantages of mechanical parks improvement incorporate business creation, income age, advance import replacement and advance fares, move of information and abilities, modern efficiencies and getting a charge out of economies of scale.”
Others are straightforward entry to land for speculation, presentation of new innovative work, adjusted provincial turn of events and fair venture advancement
