Dr. Sudhir Ruparelia is a Ugandan Business Magnate and Property Mogul who is arguably the richest man in the country and ranks among the top five in East Africa.
Often addressed as the ‘money magnate’, Sudhir is the founder of Ruparelia Group, a business conglomerate that owns a string of hotels, country clubs, educational institutions, and over 200 commercial properties.
He is the chairman and majority shareholder in the companies that fall under his conglomerate – The Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.
Below we take a look at some of the unfinished multi Billion Projects Tycoon Sudhir is currently constructing that are ready to change the face and look of Kampala, Uganda’s capital.
The Mega Pearl Business Park
Pearl Business Park has been described as a multi-million-dollar project that will encompass office premises, a shopping center, health and leisure amenities, a 5-star hotel, modern hospital, among other things. Ruparelia Group, through Meera Investments Limited, will build the 18-acre mixed-use facility on the premises of the former Chieftaincy of Military Intelligence (CMI) headquarters on Yusuf Lule Road in Kampala.
With its plan unveiled last year, the former CMI headquarters was acquired by the property mogul under his Ruparelia Group conglomerate with an intention of redeveloping it into a mega business park to change the experience of work, leisure, residence, and lifestyle of city dwellers.
The schematic descriptions say, the first phase is expected to be completed in 2023. Phase one of the project will cater to office space while the building will have 16 lettable floors with 27, 240 sqm of built up area. There will be two parking floors, accommodating 360 cars.
Kingdom Kampala Hotel
Tycoon Sudhir Ruparelia has another offering for Kampala’s skyline and Uganda’s hospitality sector as Kingdom Kampala Hotel is in the works.
The hotel will be adjacent to the Kingdom Kampala Mall which was opened in 2019, Kingdom Kampala Hotel is set to be an architectural marvel that will borrow the sister mall’s burnt clay brick finish for its exterior.
Ssese Resort Beach Hotel
The construction of the Ssese Resort Beach Hotel which started in 2019 is almost taking shape as the Kitubulu is painted with great construction, beautifying Katabi town.
Seated on an approximate 15 acres, the project is expected to take more than Ugx 36 billion, joining the Ruparelia Group of Hotels. It also serves as an alternative to Entebbe Hotels with vast facilities that leave comfort for tourists to continue visiting the Pearl.
Victoria University Main Campus
Dr. Sudhir is constructing another mega multi-billion New Victoria University premises, where university precincts are integrated within the heart of Kampala city positioning itself for the future with a comprehensive program of work to provide innovative, fit-for-purpose facilities.
Victoria has been the leading University ever since it started in 2012 and is accredited by the Uganda National Council for Higher Education where the main campus is currently located at Victoria Towers, 1-13 Jinja Road, in the central business district of Kampala, the capital and largest city of Uganda.
Paradise Resort
Known for possessing many land titles inside and outside Kampala, Ruparelia Group also own some islands inside L. Victoria. The Ruparelia Group last year kicked off construction of Paradise Resort on one of the islands.
The resort has started taking shape with a number of cottages erected awaiting to be furnished fully. The works are still ongoing and the project is likely to be fully completed by end of this year.
The Speke Convention Center
Dr Sudhir Ruparelia is undertaking this new project together with the government of Uganda. The government and the businessman are finalising a joint venture blueprint to build a modern Convention Centre at Commonwealth Speke Resort Munyonyo to host the Non-Aligned Movement (NAM) summit later next year.
The architectural designs and bill of quantities for the engineering works are still being prepared, but the construction is estimated to cost $40m (Shs140b).
NAM summit comprises 120 countries that are not aligned to any of the rival eastern and western power blocs and it was founded during the Asian-Africa meeting in Bandung, Indonesia, in 1955. In its early years, NAM pursued decolonization.
Yes, those are one of the multi Billion Projects Sudhir Ruparelia is currently constructing, of course, there are other projects the money magnate is constructing but Uganda News Network has managed to publish only the above.
Do you have a story or an opinion to share? Email us on: [email protected] Or join the Daily Express WhatsApp channel for all the latest news and trends or join the Telegram Channel for the latest updates.
