A consortium of British investors plans to join Uganda’s emerging oil and gas sector through specializing in extraction and processing of the natural resources.
On Monday, the team joined officials of Roofings group for a fact-finding mission at their Namanve plant, where they were taken around the facility.
Ugandan-born Lord Dolar Popat, the UK prime minister’s trade envoy to Uganda, led the delegation from the British High Commission and UK Energy Industrial Council that had representatives from firms such as DIT Oil and Gas, Hydro Plan UK, Rockwell Automation and ABB, among others.
Lord Popat said the UK aims to increase trade and investment ties with Uganda through partnering with Ugandan firms in big projects like the emerging opportunities in the oil and gas sector.
“I regularly meet with business organisations and entrepreneurs from Uganda and I encourage the next generation of businesses in the UK to invest in Uganda,” he said.
Lord Popat also revealed investors’ plans to build a £310 million (Shs 1.5 trillion) international airport in Kibaale, Hoima where oil and gas extraction is expected to start soon.
On his part, Sikander Lalani, the chairman of Roofings Group, assured the delegation of his commitment to supply quality materials for the projects.
“Our trained and capable human resource, state-of-the-art machinery reaffirms our stand and purpose. We are ably proficient to meet the international requirements of standards and consistency,” he said.
Roofings has been tested on several big government projects such as the ongoing construction of Karuma dam and new Jinja bridge as well as the Entebbe Expressway plus the renovation of Entebbe international airport.