Only 10 percent of the investors who had earlier shown interest (pre-booking) in the Kigali Industrial Park have bought plots of land for investment, according to Rwanda Investment Group (RIG).
RIG is a consortium of local investors that partnered government to introduce the industrial park. The project had earlier received 81 interested investors.
According to Fiacre Birasa, the Director General of RIG, the industrial park whose preparation started last year with the launch of physical and engineering studies has reached a good stage where investors can commit their money.
“On our part to facilitate investors, we have completed leveling the access roads, we are working on both drainage and sewage systems,” said Birasa.
The industrial park that sits on 100 hectares net surface area has been demarcated into 199 plots that will be availed to investors for development.
The investors can purchase plots of land that are between 900 square meter and 3.5 hectares.
With 75 percent stake in the project, RIG has been part and parcel in conception and development of the industrial zone.
The government which owns 25 percent stake in the project has provided land on which the infrastructure will be placed.
The local investors have sunk $25M to see the completion of the industrial park.
“RIG’s mission is to invest in profitable businesses with impact on Rwanda’s economic growth and development,” explained Birasa.
The development of the park is divided into two with the first targeting small and medium industries while the second will target large industries.
The park will accommodate commercial areas, heavy and light industries as well as ware houses.