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Building and Construction Sector
Liberalization
of the Ugandan economy since 1990 has spurred development in a
variety of sectors bringing with it an upswing in the building
and construction industry with a growth average of 5.7 per
annum for the last ten years.
The rehabilitation phase up
to 1990 saw a number of public and private residential,
commercial and institutional premises refurbished. Over the
past decade, the size of Uganda’s economy has more than
doubled. It is estimated to have had an average growth of
about 6.0 percent per annum. Real GNP per capita growth has
averaged about 2.2 percent since 1985 and over 3.3 percent
since 1990.
A Ten Year Road Sector
Development Programme (1996-2006) has been developed and
provides for an efficient, safe and sustainable road network
in support of market integration and poverty eradication and
development of the domestic construction industry. Investment
requirements for the programme are US $ 1.5 billion over the
10-year programme.
The National Housing Policy
and Shelter Strategy lay out the necessary framework for
orderly and integrated development of the housing sector.
Interestingly though, the low income cadres remain uncatered
for, as most of the estates constructed with them in mind,
have been taken over by the middle income earners or leased to
private companies. The housing stock and especially low cost
houses fall short of the housing demand, which has led to
increased demand for buildings and construction materials in
the Uganda economy.
Click
here for details of about the opportunities
in this sector
Contact us at:
The Investment Centre
Plot 28 Kampala Road
P.O. Box 7148
Kampala - Uganda
Tel: (256-41) 251562/5, 251854/5
Fax: (256-41) 342903
E-mail: info@ugandainvest.com |