HOIMA. The Uganda National Oil Company (UNOC) has unveiled a total of 221 investment plots across seven strategic zones in Kalangala Industrial Park.
Kabalega Industrial Park ,which is Uganda’s flagship smart and eco-industrial hub, is backed by world-class infrastructure and a transparent investor onboarding process, KIP is set to drive industrialization.
The launch of the investment plots marks the start of a new chapter, inviting investors, manufacturers and strategic partners to explore opportunities across the park’s seven industrial zones.
Speaking at the official launch of Kabalega Industrial Park Investor Onboarding Programme on July 7 , Lillian Nyakuni ,the Business Development Officer at UNOC, highlighted some of the reasons why global investors keep looking at the Kabalega Industrial Park. ”Investors will gain direct access to feedstock from Uganda’s planned 60,000 barrels per day refinery and petrochemical value chain as well as connectivity through the country’s second international airport”she said
Mathias Katamba, the chairperson of the UNOC Board of Directors highlighted the park’s role in driving industrialisation, attracting investment, creating jobs and delivering long-term economic transformation.
“I want to reaffirm UNOC’s commitment to a transparent, well-governed investment process.” He said
UNOC is a limited liability company solely owned by the Government of Uganda (GOU). It was established under Section 42 of the Petroleum (Exploration, Development, and Production) Act and Section 7 of the Petroleum (Refining, Conversion, Transmission and Midstream Storage) Act, both of 2013. It was incorporated under the Companies Act of 2012 as a limited liability company on June 12th, 2015.