A Brief Overview of Uganda's Real Estate & Construction Sector
Uganda's construction industry is vibrant and rapidly evolving, encompassing building, repair, alteration, maintenance of structures, and road work. The sector is active in major cities like Kampala, Mbarara, and Gulu, with ongoing residential and commercial projects. Industrial parks are expanding with new steel structures and warehouses. The government and local authorities are investing in road upgrades and infrastructure maintenance.
The industry is divided into three main sectors: buildings (residential and commercial), heavy/civil engineering (bridges and roads), and specialized construction activities (plumbing, painting, etc.). It relies heavily on local manufacturers of steel, paint, and cement, and supports employment in metal fabrication, carpentry, and bricklaying.
According to the Uganda Bureau of Statistics, construction GDP increased to 2,338.93 UGX Billion in early 2024, up from 2,115.23 UGX Billion in late 2023, showing significant growth from past figures.
Real estate and construction are a dynamic industry with unique challenges you therefore need experienced professionals who understand your industry and will hand in hand with you to realize your objectives.
At Woodhask we shall help you navigate the evolving tax regimes and accounting standards.