President Museveni meets prospective automobile Investors

President Yoweri Museveni has fulfilled and held a discussion with China based Auto traders who have currently founded functions at the Namanve Industrial Park in Uganda.

UAG whose official name is Automobile Team (U) Co. Ltd and the authorised Manufacturer and supplier of FAW and JMC is intrigued in location up a car or truck assembling plant in Namanve. 

All through the assembly that took place on Wednesday at State Residence Entebbe, the group’s chairman Liu Qingshan appreciated the President for sparing time to meet up with them as effectively as the financial commitment ambiance that will allow the enterprise to prosper.

 One of the cars that has been assembled by the company presented at State House

1 of the vehicles that has been assembled by the firm offered at Condition Home

He said that they are ready to assemble autos in Uganda. 

Lui Qingshan who is also 1 of the surviving founding associates of the Chinese Car Sector pointed out that with the company’s encounter and accessible capital, the venture will lead to the enhancement of the Vehicle sector in Uganda. 

“Our Ugandan youth took only 2 months to coach and they’re already accomplishing a excellent task. They are going to make the cars and trucks economical so that lots of folks handle to purchase them to swap employed cars and trucks,” he said. 

President Museveni welcomed the investors and assured them of the government’s help to see that the industry can take off.

Qingshan presented two samples of what they have now assembled adding that with the full investment of $70 million, the enterprise now used $12 million in the to start with phase.

 One of the cars that has been assembled by the company presented at State House

Just one of the cars and trucks that has been assembled by the firm offered at Point out Dwelling

Car Cellular Group (UMG) is an Automobile study and progress maker with far more than 20 many years of experience of abroad marketing progress and expenditure in China. Their goods include saloon automobiles, Buses, Vans, pickups, SUVs, Truck collection between many others. 

The assembly was attended by Uganda’s State Minister of Finance for Expense and Privatisation Hon. Evelyn Anite among the other folks. 

Katherine T. Burrows

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