Turkey to establish industrial park, trade centre in Nakasongola

Turkey is set to establish an Industrial Park and Trade Centre in Nakasongola Uganda, the first of its kind in East Africa.

According to the state minister for investment, Evelyn Anite, the launch of the centre will be part of the activities to mark the Uganda-Turkey Summit on Investment, Trade and Tourism due next month on May 10-11.

The summit is scheduled to take place at Speke Resort Munyonyo under the theme “Accelerating Investment, Trade, Industry & Tourism between Uganda and Turkey in the Post COVID-19 era”

Anite said President Yoweri Museveni will be the chief guest.

The focus of the summit is on key growth sectors in Uganda, namely Manufacturing, Industrial Parks, Mineral Beneficiation, Agro value addition and Tourism, as well as the development of Uganda’s infrastructure through the construction of roads, energy generation, and transmission lines, in which Turkey has demonstrated strength and has the capacity of deepening her investments in Uganda.

She said the summit will provide opportunities for joint ventures, partnerships and B2B links between Turkish and Ugandan investors and businesses

“Uganda and Turkey have enjoyed warm & cordial bilateral relations since 1969 and implemented many joint projects in education, agriculture value addition, environment, infrastructural development, ICT & construction, among others,” she said.

Source: New Vision


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