UGANDAN PRESIDENT LAUNCHES INDUSTRIAL PARK JOINTLY DEVELOPED BY CHINESE INVESTORS

MBALE, UGANDA– Ugandan President Yoweri Museveni has launched an industrial park jointly developed by Chinese investors in the country’s eastern district of Mbale.

The park, covering an area of about 2.51 square kilometres, stretches into three villages in Bukasakya sub-county. The Chinese involvement in the industrial park will help promote the industrialization process of the country, boost its economy and improve the living standards of local citizens, Museveni said at the inauguration Friday.

Calling upon Ugandans to provide amiable hospitality towards Chinese investors, the president said the project will employ people in neighbouring and far-off areas.

Zhang Zhigang, chairperson of Tian Tang Group, a Chinese firm with 16 years of business experience in Uganda, believes the park will create more than 15,000 local jobs upon completion.

“We plan to bring in 50 companies to the park, dealing in glass, furniture and machinery manufacturing, food processing, smart phone and car assembly, new energy and so on,” he said.

Uganda’s good governance has facilitated investment of Chinese firms in the nation, Zhang said, adding that the investors expected to “make the park a manufacturing centre for Uganda and to export the products to the whole of Africa and the world”.

Evelyn Anite, Uganda’s State Minister for Investment, said the launch of the park was a strategy to develop Uganda’s manufacturing industry, adding that the nation had launched 11 industrial parks in the last two years.

Finance Minister Matia Kasaija called on those working on the development of the parks to learn from the Chinese investors.

“The Chinese have a culture of diligence, insistence on accuracy and strict time management. Acquire some of these skills and work ethics as you work with them, so you can use these skills to develop our economy,” Kasaija said.

Source: NAM NEWS NETWORK

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