Privatization and Investment Minister Evelyn Anite has signed a Memorandum of understanding (MOU) on behalf of government of Uganda with Mr. Jay Patel (investor) for the development of MMP industrial park in Buikwe District worth USD 300 million.

The investors are committed to investing over USD 300m (1.1 trillion) in the next five years to establish 20 factories which will create 5,000 jobs for Ugandans.

The private park located on 960 acres of land will have factories for vehicle tyres, papers and construction materials among other products.

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