Wanda Group, a Chinese firm wants Government of Uganda to avail them land to establish a ten square Kilometer special economic zone for Chinese industrialists. The land would be used to start a vocational institute to train Ugandans in practical skills. Their main focus is manufacture of ceramic tiles, establishment of a cement factory and processing of cotton into textiles. They are also interested in iron ore mining in Kanungu and Kabale Districts. The group is also seeking a partnership with National Housing and Construction Corporation to build housing estates within Kampala. They are currently developing modern cities in Ghana at a cost of US$ 7.3 billion and signed an agreement with Nairobi city council to construct 55,000 housing units. The Chinese Company’s delegation led by the Chief Executive Officer, Yuegong Wang has been in Uganda over the last one week assessing the investment climate. They revealed their detailed programme during a meeting with the Prime Minister Amama Mbabazi .
Posted on: Tue, 12 Aug 2014 08:40:45 +0000
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