The National Housing and Construction Company (NHCCL) has partnered with Reportage Properties to construct 200 residential and commercial housing units in Kampala.
The Shs116.3 billion ($30 million) project will be constructed on the National Housing land in Bukoto along the Old Kira Road. The project includes swimming pools, a children’s play area, gardens, and sundry. The construction process is expected to take two years.
Andrea Nucera, Managing Director of Reportage Properties, which is one of the prominent real estate companies in the United Arab Emirates (UAE), said the company has committed $25 million (Shs96.9 billion) of the total project. The company pledged to release Shs4.6 billion ($1.2 million) towards the initial stages of the construction.
The company is, however, running similar projects in other countres, and it has since injected Shs135.5 billion. The other ongoing projects in Uganda include a 14-story building along Mawanda Road. According to the plan, the building will have 69 units, of which 64 are residential and five are commercial.
“The company has operations in Turkey, the UAE, Egypt, and other parts of the world. We are set to start this project, and it is up to National Housing to tell us when they are ready. We have the capacity to work on multiple projects,” Nucera said.
He said the company can build affordable villas and apartments and sell them to potential buyers like they have in areas where they have established themselves.
Kenneth Kaijuka, the Chief Executive Officer of National Housing, says the project is strategically located next to Shell and KFC, and there will be shops that will be beneficial to the community.
“This collaboration is so critical given the growing population in the country. It is upon us to provide decent housing for all Ugandans,” he said.
He said the investors are coming from a higher version of the market on the issues of design. He said some materials will be sourced locally and others will be imported. He implored Ugandans to start booking them and make payments before or upon completion of the project.
Ambassador Henry Mayega, Consul General of Uganda’s Consulate in Dubai, said the government commissioned all envoys working at various diplomatic missions to attract investors into the country.
He said Reportage Properties is involved in various projects across different modern cities in the world. He assured the investors of his openness to discussing other projects in tourism, transport, and other sectors of the economy.
