Kingdom Kampala | |
---|---|
General information | |
Location | Kampala, ![]() |
Coordinates | 00°19′02″N32°35′28″E / 0.31722°N 32.59111°E Coordinates: 00°19′02″N32°35′28″E / 0.31722°N 32.59111°E |
Opening | 2019 (Expected) |
Owner | Ruparelia Group |
Management | Ruparelia Group |
Technical details | |
Floor count | 12 |
Other information | |
Number of rooms | 200 [1] |
Kampala Kingdom is a Mall and shopping complex in Kampala, Uganda's capital city. [2] [3] [4]
The Mall is located on Nakasero Hill, an upscale neighborhood in Kampala, the capital and largest city of Uganda. [5] The piece of property where the mall is located is bordered by Nile Avenue to the north, Yusuf Lule Road to the east, and De Winton Road to the south. The National Theater and Uganda Broadcasting Corporation border the location to the west. The mall complex is being erected on a 15 acres (6.1 ha) site that was previously occupied by Shimoni Teacher Training College, which was relocated to Kitikifumba in Kira Municipality. The elevation of the construction site is 1,160 metres (3,810 ft) above sea level, facing southeast, adjacent to Oasis Mall in Kampala's central business district. The coordinates of the mall are 0°19'02.0"N, 32°35'28.0"E (Latitude:0.317223; Longitude:32.591112). [6]
Kampala Kingdom is part of a business/residential real estate development that includes: [1] [7]
In 2006, Kingdom mall Investments (KHI), a real estate investment and development company, headquartered in Dubai, United Arab Emirates, leased 15 acres (6.1 ha) in the center of Kampala from the government of Uganda for 99 years. KHI planned to construct a luxury mall complex on the property, with the opening date planned for 2009. KHI is chaired by Alwaleed Bin Talal, a prince of Saudi Arabia. [9]
Following the Global Recession of 2008 and 2009, KHI became unable to fund the project on its own. They sold majority shareholding in the development to Azure Holdings Limited, a subsidiary of the Mara Group, also headquartered in Dubai. Mara Group is also the parent company of Kensington Uganda Limited, a real estate investment and development company. Construction of the mall, technically known as Kingdom Kampala mall, began in July 2010. [10] InterContinental mall has signed an agreement with the mall developers to manage the mall when completed. [11]
In January 2016, Crane Management Services, a subsidiary of the Ruparelia Group and South African developer Abland Africa, entered into a joint venture with Kingdom mall Limited to complete the construction of the mall complex. The new development entails a 200 bedroom 4 star mall, 40,000 square metres (430,000 sq ft) office space and 16,000 square metres (170,000 sq ft) rentable space. Completion is planned for 2018 at an estimated cost of US$300 million. [1]
The mall, office tower and conference complex are estimated to cost US$300 million in construction. [1] Commissioning is expected during the 2nd quarter of calendar year 2019. [12] [13]
Kampala is the capital and largest city of Uganda. The city proper was estimated to have a population of 1,650,800 people on 31 July 2019 and is divided into the five boroughs of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Rubaga Division.
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.
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Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.
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The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group, is a privately owned conglomerate in Uganda. Sudhir Ruparelia, a wealthy Ugandan businessman, is a shareholder in each of the companies in the Group.
Sudhir Ruparelia is an Indian-origin Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.
National Housing and Construction Company Limited (NHCC), is a Ugandan construction and real estate management company, partly owned by the Uganda Government. The Company’s mandate is to increase the housing stock in the country, rehabilitate the housing industry and encourage Ugandans to own homes in an organized environment.
The Aya Group of Companies, commonly referred to as the Aya Group, is a business conglomerate based in Uganda.
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Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, is reported to have total assets in excess of US$91 billion, as of October 2019.
The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries.
Amina Hersi Moghe is a Somali entrepreneur. She has launched several multimillion-dollar projects in Kampala, Uganda. Her investments include Oasis Shopping Mall in Kampala's central business district and the Laburnam Courts Apartments, on Nakasero Hill adjacent to State House Kampala. She in the process of launching the first sugar factory in Northern Uganda. Atiak sugar factory will not only bring revenue and development for the region but is championed as the first large scale industrial project for Northern Uganda. She is also one of the city's largest distributors of cement and other hardware materials. With successful business ventures throughout Uganda she has become a beacon of hope and a motivating role model for young African girls.
Kampala Speke Hotel is a hotel in Kampala, the capital and largest city in Uganda, the third-largest economy in the East African Community.
DFCU House is a building in Kampala, the capital and largest city of Uganda.
Pension Towers is a building under construction in Kampala, the capital of Uganda and the largest city in that country.
Movement House is a building under construction in Kampala, the capital of Uganda and the largest city in that country. The building is sometimes referred to as NRM House, in reference to its largest tenant, the National Resistance Movement (NRM), the ruling political party in Uganda since 1986.
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