A Chinese group in partnership with the Uganda Investment Authority and other government institutions plan to set up an industrial park in Nshaara, Mbarara.
Sino Uganda Economic Development Zone intend to have the park divided into five industrial zones to accommodate companies dealing in different products some of which include, agro-processing, high tech manufacturing and the assembly of electronics like laptops, television sets and washing machines. Other zones will relate to processing, textiles and imported materials.
According to the Uganda Investment Authority, Wang Shujun, the CEO of SINO Uganda Modern Economic Development Special Zone was bullish about the progress already made.
In order to attract investors to develop this Park, we have opened up different offices in the Chinese big cities to attract investors. 54 investors have already signed memorandum of understanding with us.
The Uganda Investment Authority estimates that about 10,000 jobs will be created once the park is fully operational.
ZhongWu Beef Imports and Exports Group, which one of the operational companies in the Park at the moment has established an abattoir in Kashaari. By February 2020, the completed the first phase of development which was worth $15 million and in the second phase, they will include leather tanning and other related products.
“Our plan is to slaughter 1000 animals per day and export 50,000 tons of beef and 100,000 tons of goats meat per month and we will need well trained workers and shall meet the required international standards,” said Mr. Jian Youcai, the Chief Executive Officer.
Martin Muhangi, the deputy director for investment promotion welcomed private investment partners taking advantage of government synergies.
Part of our mandate as the Authority is to facilitate investors to do business with ease in Uganda and to ease access to land, for investors, through serviced industrial and business parks. We are pleased to see that private sector players are making use of the synergies that government is providing to advance their investment projects.