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 early today.
Mbabazi, flanked by the Permanent Secretary of the Ministry of Energy and Mineral development, Kabagambe Kaliisa observed that Kampala alone has a deficit of about 600,000 housing units for middle and low income earners.
He said the country is now focused on industrialization and a lot of resources have been committed for infrastructure development and electricity generation. The planned standard gauge railway to be constructed by a Chinese company will connect to the iron ore deposits in south western Uganda to address the problem of transport, he adds.
Mbabazi also said the two cement factories of Hima and Tororo can’t sufficiently meet the demand of the country and the region hence the need for a new factory.
The Energy Permanent Secretary said Uganda has a deposit of 3 million tons of limestone in Karamoja for making cement and 460 billion cubic feet of gas in the Albertine region which can be exploited for use in the processing of iron ore.