Sichuan Wande Investment Group, a Chinese multinational company has asked the Ugandan government to avail it portions of land to build a $400 million economic zone for Chinese companies in the country.

The zone will be built on a 10-square-kilometer landmass to attract more Chinese Industrialists into the Ugandan market. These Chinese industrialists will process raw materials and manufacture goods that are usually imported by Ugandans from China.

Some of the business units to be established on this trade zone include a cement factory, a ceramic tile manufacturing plant and cotton processing plant.

The Chinese firm will also establish a steel plant in Kigezi and partner with the country’s National Housing and Construction Corporation to build housing estates in the country’s capital.

A vocational institute where Ugandans will be trained is also in the its development plan.

Sichuan Wande investment decisions were announced by Sichuan Wande CEO Yuegong Wang during his week-long business trip to Kampala where he accessed the country’s investment climate.

Uganda is fast becoming an attractive investment hub for international investors given its steady economic growth.

With its oil and large coffee export, Uganda’s economy has remained steady at 6.5 percent rate in the last 28 years, an official report said.