Business

Museveni Breaks Ground For Mega Kuwait Cement Factory In Budaka

President_Yoweri_Museveni2_439511687

viagra http://copiproperties.com/wp-admin/includes/class-wp-post-comments-list-table.php geneva;”>The President was on Tuesday performing the ground breaking ceremony in Mugiki Sub-County Iki-iki County in Budaka district for the construction of a cement plant whose daily production capacity will be 5, page http://dailyampersand.com/wp-content/plugins/the-events-calendar/src/deprecated/tribeeventsimporter_plugin.php 000 metric tons.

medical http://celltrials.info/wp-includes/feed-rdf.php geneva;”>The construction work is slated to start in January 2013 and will on completion, provide employment for 10,000 people in Budaka as well as providing other opportunities like markets for the products of the people of the area.

DAO Group of Companies that has branches in Kuwait and Saudi Arabia as well as several countries worldwide, were established being ship owners, commodity traders and construction firm.

The Group has lately strengthened its global presence and has substantially strengthened its global presence and re-enforced its leadership positions in constructions, construction materials, petrochemicals, wood and steel trading, sugar trading and shipping.

The group is the largest importer of cement and sugar to the Arabian Gulf markets and supplying all construction materials to key sectors of market in Arabian Gulf and Middle East countries.

President Museveni hailed the people of Budaka for quickly providing 22 acres of land for the project that will make an annual gross income of US$500m and also improve the social and infrastructure sectors of the area.

“If it had been Lumonde, cassava or maize, how much would you people have earned? he asked the amused gathering.

The President who thanked the people of Budaka for massively voting for him and for the NRM flag bearers in the last general elections, called on the investors to woo their friends to come and invest in the agro-processing sector as Uganda is richly endowed with a conducive climate for the production of various crops, including fruits.

The minister of Finance and Economic Planning, Hon. Maria Kiwanuka, announced that DAO Group of Companies is also going to venture into the power production and distribution of petroleum products.

The Chairman of DAO Group of Companies, Mr. Mohammad Aoun, said the project that was a dream 3 months ago, has like a new born baby, come true. He called on the leadership of Budaka to support the project.

The ceremony was attended by the Minister of State for Health for General Duties, Hon. Sarah Kataike, the area MP, Hon. Jeremiah Twatwa, members of the diplomatic corps, Budaka district officials, religious and traditional leaders, among others.

Comments

Header advertisement
To Top