UGANDA, Adjumani | Real Muloodi News | The Resident District Commissioner, Mr Peter Taban Data, along with a team of State House Officials, has confirmed that the construction of the US $1.4 million industrial park in Adjumani District, Pakele Sub-County is 90% completed.
Mr Willison Rumanzi, the project engineer, said, “since the contract was awarded to us last year, we have faced setbacks caused by terrible weather and partly the lockdown, which affected our efficiency. However, we will finish and hand over the facility to the district in less than two months.”
He added, “unless any other interference sets in, we will hand over the project to the district because the remaining works are landscaping, tarmacking the pass ways and other final touches.”
The industrial park will have an enormous effect on the economy in Adjumani. Mr Data explained that “the facility will benefit thousands of unemployed youth in the three districts of the Madi Sub-region, directly or indirectly. Once several factories are built here, they can either work at the park as employees or supply raw materials which will be required to run them.”
The district secretary for production and natural resources, Ms Korina Ondoa, added that the industrial park would provide an opportunity for the district to increase its agricultural capabilities.
His Royal Highness Zachary Baker, the chief of the Palaro clan, said, “there is a need to do more on top of what the district has promised to do like extending electricity, water, opening roads, building schools and health centres in the area.”
The industrial park will attract various investors because it will lower the costs of doing business while allowing investors to form relationships with local leaders.
Early this year, the Cabinet ratified the proposal to establish 25 industrial parks in various parts of the country. Other parks will be in Gulu, Lira, Moroto, Soroti, Mbale, Jinja, Kabale, Mbarara, and Hoima.
The establishment of the industrial parks is part of a strategy developed by Evelyn Anite, the State Minister for Investment and Privatisation, which aims to “take Uganda to middle income status.”
Ugandans willing to invest will be given special incentives such as free land, free electricity and credit facilities through the Uganda Development Bank, and a 10-year tax holiday.
There may be an increase in investment in the real estate markets next to the industrial parks as basic amenities like tarmac roads, waste management, electricity, and water access become more available.
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