The government of Uganda has done a good job to ensure that there is a conducive and competitive environment to attract Foreign Direct Investment (FDI) into the country, businessman Dr. Sudhir Ruparelia told journalists on Friday.
The businessman was speaking to the press during the official opening of a Chinese supermarket at Kingdom Kampala mall. The giant and magnificent mall is owned by the Ruparelia Group.
“Foreign Direct Investment coupled with our own domestic investments is the best way of creating jobs and thriving livelihoods for Ugandans,” the businessman said. He thanked the government for always supporting foreign investors to settle in the country and create jobs for Ugandans.
The new supermarket called Shopping Union is owned by Ye Baochun, a Chinese investor. “Our focus is offering good and quality products at affordable prices,” he said at the opening of the supermarket.
Chen Xiao Lu, the Managing Director of Shopping Union Supermarket isn’t scared of the ‘mushrooming supermarkets’ in Uganda and past history.
“This is not a supermarket for the Chinese. It is an international market targeting Ugandans, Europeans, Indians, Chinese and all different kinds of people,” Chen Xiao Lu said adding that they will endeavor to offer the best price.
The supermarket is spacious and has a variety of items both local and international. The biggest advantage it has over other supermarkets is the ample parking space it has and how quickly one can get in and out.
“Now other supermarkets should be ready for competition,” Sudhir said, adding that the Supermarket will not only pay taxes but also employ Ugandans directly and indirectly.
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