The planned acquisition of 400 additional hectares in Namanve by Uganda Investment Authority (UIA) will create the largest industrial hub in Uganda.
“This will make the Kampala Industrial and Business Park (KIBP) the largest industrial hub in Uganda sitting on 2600 hectares of land. We also intend to attract more investors in modern technology and innovation,” UIA’s director for Industrial Parks Development Hamza Galiwango told a recent one day stakeholder’s engagement workshop on the development of infrastructure in KIBP at Silver Springs hotel, Bugolobi.
He said, “…The 2600 hectares will accommodate 500 companies with a total investment capacity of $3.5 trillion. The companies will in turn contribute $540 million in taxes per annum and create 200,000 jobs for Ugandans.”
KIBP currently sits on 2,200 acres and to date, all the land has been allocated to 320 prospective investors for development in various sub-sectors such as agro-processing, mineral processing, ICT, logistics and freight, warehousing, general manufacturing as well as tourism promotion activities.
KIBP is one of three government-owned industrial parks within the Kampala-Mukono area- the other two are Luzira and Bweyogerere industrial and business parks.
Galiwango said the park will accommodate all the industries after completion of the 249m Euro (Shs 1 trillion) infrastructure project in the next 42 months.
Speaking at the same event, UIA board member Getrude Lutaaya Kateesa noted that in order to provide a serviced Industrial and Business Park, government through the ministry of Finance, Planning and Economic Development secured Euros 249 million from the United Kingdom Export Finance (UKEF) for the development of critical infrastructure in the park.
The infrastructure development project will include an integrated road network and bridges, a 15km water supply network, 20km sewerage network, water treatment plant, 65km of underground power cables, 88km of solar street lighting, fibre optic cable, a CCTV system, workspaces for the small and medium scale enterprises, a gym, a police station and high-water hydrants among others.
“By establishing these parks, we not only support business growth but also greatly contribute to the government of Uganda’s industrialization agenda, create more jobs, ease access to land for investment, introduce new research and technology, boost skills developments and increase Uganda’s exports base,” said Joseph Kiggundu, UIA’s acting director general.
The Authority is mandated to develop 27 Industrial & Business Parks around the country to create jobs, ease accessibility to land for investments, introduce new research technologies and skills as well as boost Uganda’s exports and therefore increase Uganda’s revenue base.