State Minister for finance, planning and economic development in charge Privatization and Investment hajjat AminahMukalazi today chaired a multistakeholder meeting for the establishment of a medical industrial park for the local manufacture of essential health and laboratory products by ELSTOP (U) Limited.
Elstop Healthcare Solutions is a medical-device and diagnostics company delivering large-scale healthcare projects across Uganda.
The Minister welcomed the investment and asked the Director General of Uganda Investment Authority,Robert Mukiza to coordinate all the required social amenities for the establishment of a functional industrial park. Already land for the establishment of the medical industrial park has been identified at Seeta in Mukono district.
Mukalazi said industrial parks should have anchor investors and industries to be viable and globally competitive.
The Managing Director ELSTOP Yitzark Shemesh said this investment will reduce the cost of laboratory tests which are currently very high for the population, adding that it will also save money spent on importing reagents.
He said once completed,this investment will create jobs for about 6000 Ugandans. The first phase is expected to take 12 months to build.
