Developing the free-trade zone and industrial park in Nyandungu East of Kigali City is slated to start early next month. When completed, goods landed, handled and re-exported in this area will be tariff free. The move is to attract new businesses and foreign investments in the country. As an incentive to investors, government is constructing a road network and a sewage system. The area will also have a telecommunication network, electricity and water. Nyandungu is also to serve as the Kigali City industrial park. Most of the old industries at Gikondo are to relocate to this planned area. According to Alexis Ruzibukira, five local companies have been hired to develop the area. The firms include: Entregele, Horizon, Enterprise Paul Mubirigi and Enterprise Alex Mugarura. The infrastructure development is expected to cost above $20m, he said. Rwanda Free Tradeco, a firm government has a stake is to manage the Free Trade Zone and Industrial Park. The shareholders of this firm include; Rwanda Development Bank, Social Security Fund, Bond Trading, Prime Holding and SONARWA.Ends
