Uganda Investment Authority (UIA) will visit industrial parks allover the country in the next six months to listen to the needs of the investors and ensure that their facilities are up to scratch.
Dubbed “Investment Facilitation and Protection Campaign”, Robert Mukiza, the director general UIA told journalists that the campaign is in line with the directive by President Museveni to ensure that at least 25 industrial parks are fully built and are functional by 2026.
“Industrial park land is free any frauders must face courts of law,” he said.
He said the campaign further seeks to entrench government’s industrialization agenda, catalyze import substitution and promote exports.
“It will also ensure that Uganda continues to be the leading investment destination in East Africa, as recently confirmed by the Annual Investment Awards in Abu Dhabi in 2023. In this campaign, timely support will be provided to local and foreign investors in benefitting from the generous incentive package that Uganda offers, including access to industrial park land,” Mukiza said.
During this campaign, UIA will work with other relevant agencies such as: the Uganda Revenue Authority, the State House Investors Protection Unit, the Uganda Registration Services Bureau, NWSC, UMEME and others to ensure that services to investors are provided in a timely way. As such, any roadblocks, delays or red tape that investors face will be dealt with swiftly.
“If you have an interesting value addition project, please feel free to approach us with your idea or project. Ugandans should be aware that all land in industrial parks is free of charge. However, once it is allocated to you, you are expected to follow certain terms and conditions, including starting to develop it in 18 months, constructing factory/office buildings in 2 years, roofing the structures in 3 years and installing machinery in 4 years,” he said.
Failure to follow these guidelines will result in the withdrawal of allocated land.
