Tuesday, May 02, 2006

Foreign Investment: Sudanese investors fence off Ugandan government buildings

According to local media reports, Sudanese investors have fenced off the plot where Uganda's government owned TV has been for the past 43 years, in preparation for construction of a multi-billion dollar hotel.
The 15-acre plot that also houses 10 other government departments including the Presidential Guard Brigade (PGB) armory.

The relocation follows the acquisition of the land by two Sudanese bothers through their company AYA (U) Ltd, which intends to erect a five-star hotel worth $90 million.

The hotel that has 18 months to be completed is expected to be ready for the Commonwealth Heads of Government Meeting in Kampala next year.
No doubt they will come up with a roadmap for reducing poverty in Sudan