The State Minister of Finance for Privatization and Investment Hon. Evelyn Anite today has received delegation of investors from China led by Mr. Paul Zhang the lead developer of Tian-Tang Mbale Industrial Park and very many other investment plants in Uganda.
Mr. Paul Zhang is an industrial investor and a developer in Uganda focusing on building and managing industrial parks like Mbale and Mbalala industrial parks attracting international investors from China. These factories are manufacturing products like mattresses, electronics, household goods and mobilizing investors from China to come and invest in our economy.
Hon. Evelyn Anite while addressing the Chinese delegation, she congratulated H. E Yoweri Kaguta Museveni the President of the republic of Uganda appreciating the effort of Mr.Paul Zhang the proprietor of Mbale industrial park. Considering the magnitude of investment and his continuous effort of mobilizing investors to come and invest here, The President offered him over 1200 acres of land in Lusenke Kayunga district for more investment.
“Our vision is not just to dream the $500Billion Economy but to turn this dream into reality.’’ We are looking at practical investments that will transform our economy and create opportunities for Ugandans- she said.
The Minister noted that government is planning to begin several key projects such as solar energy plant and a chemical manufacturing factory.
These projects are real steps towards industrial growth with intention to create over 200,000 jobs linked to Lusenke Kayunga industrial park over the next few years especially for our young graduates and trained engineers since Uganda is blessed with many skilled graduates.
She further said that government identified key priority areas such as Agro-industrialization, Tourism, Mineral-based Industrialization, Science Innovation and Technology providing strong opportunities for value addition, job creation, and export growth
Lusenke Kayunga industrial park is strategically located near a hydro power station for reliable power supply, creating a vision to build factories with a complete ecosystem with schools, hospitals, and shopping facilities to support workers and their families. she said
In her concluding remarks, the Minister called on fellow citizens of this country to support Mr. Zhang and all our investors that have come to invest and choosing Uganda as their investment destination.
The Deputy General Manager of Shenzhen Mingyang Technology Company in China that specializing in production of battery storage solutions in China Mr. Lu Wei the delegate said that, the company is looking forward to set base in Uganda to begin providing solutions to factories and industrial power systems to ensure stable energy supply.
