Kalangala Infrastructure Development Project, which is a joint venture between UDC, IDC of South Africa and InfraCo Holdings, of the United Kingdom. The US$50 million investment, includes a solar/thermal hybrid power station, procurement of two surface-vessel water transport crafts to connect the island with the mainland, electrifying Bugala Island, the largest in the Ssese Islands Archipelago, developing a water supply system on the island and developing a , gravel road network on the island. Other new projects under UDC include the Kiira Motors Corporation, Soroti Fruit Processing Factory and the new start-up; Uganda National Airlines Company. UDC also owns a 32 percent stake in Atiak Sugar Factory. Future projects include (a) Moroto Ateker Cement Company Limited, (b) Lake Victoria Glass Works Limited and Isingiro Fruit Factory. In April 2019, president Yoweri Museveni launched commercial production at Soroti Fruit Processing Factory, a US$13.4 million investment 80 percent owned by UDC. Investment portfolio The operational investments as of August 2020, are listed in the table below: Governance As of November 2021, the following individuals constituted the board of directors of UDC. Godfrey R. Ruhurira: Chairman Geraldine Ssali Busuulwa Francis Ogwang Edward Nyatia Barbara Mulwana Dorothy Masifa Ochela Patrick Birungi: Executive Director To be named: Representative of Ministry of Finance. See also Uganda Investment Authority Bukuzindu Hybrid Solar and Thermal Power Station References External links Website of Uganda Development Corporation Economy of Uganda Government agencies of Uganda Organizations established in 1952 1952 establishments in Uganda Government-owned companies of Uganda Economic development organizations