MINICOM to handover the Kigali Special Economic Zone this Month

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MINICOM to handover the Kigali Special Economic Zone this Month

One of the new buildings at the Kigali Special Economic zone

The Ministry of Commerce and Industries (MINICOM) is planning to handover the new visited Kigali Special Economic Zone (KSEZ) to industries that are now situated at Gikondo Industrial area.

According to MINICOM, the handover is expected at the completion of the construction of nine Industries at the Zone to be finalized in two weeks.

The Minister of Trade and Commerce, Francois Kanimba together with the Permanent Secretary, Emmanuel Hategeka and senior officials in the Ministry visited the zone over the weekend.

The visit intended to assess the progress of the Construction works, preparations to relocate and other issues industrialists might encounter after relocation.

The Minister conducted the site visit across the entire Zone to assess the state of infrastructure and discuss with the Industrialists.

After touring the Industrial zone, Minister Kanimba together with the Permanent Secretary conducted a short meeting that brought together Industrialists and the Construction Company contracted to build the infrastructure for the First-phase.

Infrastructure development in KSEZs for the first phase is fully completed, and soon Gikondo Industrial Park will relocate to the new Industrial Zone. The housing premises are well furnished with all the facilities needed by industries and factories to operate and the provisional handover is slated for August 26, 2013.

The provisional handover will be between the Government through Ministry of Trade and Industry and the Industrialists. The provisional handover will be followed by the final handover after all power sub-stations are fully installed by end of September, 2013.

The Industrialists have been given 6-months ultimatum to fully relocate to the new indudtrial Zone especially the Heavy duty industries as for the light industries; the process has already begun as four of the visited industries are currently operational.

Sitting on 276 hectares of land, KSEZ is expected to boost and diversify economic activity, create jobs, and increase investments. The area that is being developed in phases has so far attracted numerous companies, both local and foreign; some have already started operating in the zone.

The commercial hub, located in Nyandungu Sector, Gasabo District, is being developed in two phases; first phase is 100 per cent complete, while only 30 percent of work in the second phase is complete. The big chunk of land has well – developed infrastructure with newly-paved tarmac roads.

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Based in New York, Patrick is a Wall Street Broker and Financial Pundit. He works as a Foreign Consultant for Rwanda Eye. His insights on the current economic trends and its impact on Rwanda and Africa, makes him an invaluable asset to Rwanda Eye.

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