New Vision (Kampala)

Uganda: Kuwait Investors to Construct Cement Factory in Budaka

President Museveni is taking the drive to economic boom by the horns like he preached in his last state of the nation address that the best times for the country lay ahead.

Hardly a week after he went to Sri Lanka to preach the investment gospel, he has broken ground for the construction of a cement factory that will be two times the size of Hima Cement Factory in Kasese.

A Saudi Arabian company, DAO GROUP of Kuwait, will construct the factory at Daka village in Budaka District. It will produce 5000 tons of cement.

Museveni breaks ground for the factory as Finance Minister Maria Kiwanuka, Saudi Arabia DAO Group Partner Shafi Bin Hamad Al-Bajash, Group President Mohamad Aoun (extreme right), Kuwait Ambassador to Uganda, Rashed Al-Hajri chher him on Tuesday. PPU photo

The cement factory will provide 10,000 jobs direct and indirectly for Ugandans.

Ads by Google

Copyright © 2012 New Vision. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.