The Uganda Investment Authority (UIA) has rolled out an ambitious plan to build six new industrial and business parks
Authority sources say that the parks will be located in Jinja, Nakasongola, Arua, Buliisa, Gulu and Lira districts.
The drive to breathe more life into private sector investment will also benefit from government’s plan to secure an additional Shs 500 billion to complete Kampala Industrial and Business Park (KIBP), Namanve.
UIA was given a mandate to establish 22 Industrial and Business parks throughout the Country to create jobs and add value to locally available raw materials. Out of these, Uganda Investment Authority has at least managed to establish the following industrial parks
- Kampala Industrial and Business Park (KIBP) – Namanve, Luzira Industrial and Business Park
- Bweyogerere Industrial and Business Park, Jinja Industrial and Business Park and Kasese Industrial and Business Park among others.
According to a strategic plan that will run until 2021, the parks will promote Uganda as a destination for profitable investment, business and innovation.
It is anticipated that the resulting investment could create an estimated 1,000,000 (one million) jobs by 2021. The UIA strategy follows President Museveni’s directive to fast-track development of the 22 gazetted industrial parks countrywide as a means to accelerated industrialisation, job creation, wealth growth and inclusive development.