Uganda to get specialized $450m aquaculture industrial park
Hainan Qinfu Foods Company Limited from China is looking for 5000 acres of land to invest a total of $450m is a specialized aquaculture industrial park.
The company is the leading fishing enterprise that specializes in tilapia aquaculture in China.
In China the company encompasses commercial fish fry production, production of fish feed, fish processing and marketing among others.
The company’s Chairman Qinfu Zhou told officials of the Uganda Investment Authority (UIA) that with support from the Uganda Embassy in China and Chinese Ministry of Agriculture and Rural Affairs, the company is investing $450m in establishing the park in Uganda.
The project aims to introduce Chinese management experience by establishing a high tech-industrial park through the development of production and providing brood stock.
It will also avail production technology including creating jobs for Ugandans especially through establishing out grower network.
The project will include fish ponds for tilapia farming, hatchery for breeding stock, tilapia processing plant and fish feed processing plant.
Others are collagen processing plant, fish feed processing plant, packaging material factory and a fish farming out grower scheme.
“Our aquaculture industrial park we intend to establish requires 2000ha (5000 acres) of land,” he pointed out.
CAPTION: L-R First Secretary to the Uganda Embassy in China Nelson Kasigaire, Mr. Qinfu Zhou in the middle and other officials at the UIA head office. v��!