Chinese enterprises from Liaoning Province encouraged to invest in Uganda

Dr. Chrispus Kiyonga, Ambassador of Uganda in China has encouraged Chinese

enterprises to invest in Uganda. This was during a meeting he held with the Governor

of the People’s Government of Liaoning Province, H.E. Tang Yijun where they

discussed the progress in developing the China-Uganda Liao Shen Industrial Park in

Kapeka and other potential areas of cooperation. The Vice Governor H.E. Chen Lvping,

and senior officials of the provincial government attended the meeting held on 29th

March 2018 in Shenyang city.

Dr. Kiyonga briefed on the

progress in developing the Industrial Park in Kapeka and underscored the commitment

of the Uganda government to provide investment incentives and attract leading

enterprises from China to invest in Uganda. Liao Shen industrial park is the first

provincial-level industrial park project in Uganda with the backing of a Provincial

government in China. Dr. Kiyonga extended appreciation to the provincial government

for supporting the development of the Park, adding that this would significantly

contribute to creating employment opportunities, technology transfer, and expand the

revenue base among others.

The Governor committed to strengthening the relations between Uganda and the

Province and mentioned that through joint efforts, the success of the Liao Shen Park

will provide a platform for future cooperation. They also discussed and agreed to

expand cooperation in other fields such as agriculture, tourism, education, and

mining. The mechanisms for cooperation will be further discussed at technical level.

During the visit to Shenyang,

Dr. Kiyonga also addressed an investment promotion conference to raise awareness

about the business environment and investment incentives. He observed that the Liao

Shen industrial Park symbolizes the friendship between the peoples of Uganda and

China. The investment promotion event held at Friendship Hotel on 30thMarch 2018 was

graced by the presence of senior level Provincial authorities that lauded the

government of Uganda for the commitment and facilitation in the development of the

Park. Mr. Huang Yang, Vice Director General of the Liaoning Provincial Department of

Commerce mentioned that 20 companies had committed to invest in the Park with 3

enterprises in advanced stages of entering production. He encouraged enterprises

from Liaoning to accelerate the construction of the Liao Shen industrial park as

well as participate in the infrastructural development and industrialization of

Uganda.

Mr. Zhang Hao, Chairman of

Zhang Group that is overseeing the development of the Industrial park briefed

participants on the design capacity of the park, the progress of construction, the

operation and management mode and the advantages of investing in the Park. H.E. Zhao

Yali, former Ambassador of China to Uganda, also addressed the conference and

emphasized the potential for bilateral cooperation between Uganda and China in the

commercial and economic sectors.

The Conference in Shenyang co-organised by the Embassy, the Liaoning

Provincial authorities and the management of Liao Shen Industrial Park is a

continuation of efforts to boost Chinese investments in Uganda. Over 200

representatives from leading enterprises attended the event. The conference follows

a similar event organized in Wenzhou, Zhejiang Province on 26thMarch 2018.

Source: The Republic of Uganda – Ministry of Foreign Affairs