Property tycoon Hajji Hassan Bulwadda has appealed to Kampala leaders and Ugandans across the country to support his proposed Shs400 billion City Square project, arguing that local investors should be encouraged to transform prime urban spaces into productive commercial developments. Bulwadda says the project presents an opportunity for a Ugandan entrepreneur to make a major investment in the heart of Kampala and contribute to the city’s economic growth.

The businessman expressed disappointment over opposition to his proposal, saying he had expected political leaders to welcome the idea of a local investor undertaking such an ambitious development. He believes that major investments by Ugandans should be viewed as opportunities to expand the economy, create business opportunities and demonstrate the capacity of local entrepreneurs to deliver large-scale projects.

Bulwadda questioned why some people appeared unwilling to support his plans, suggesting that doubts about his ability to execute a project of that size could be influencing the criticism. He also raised the possibility of jealousy among some of those opposing the proposal, although he did not provide evidence to establish the motives behind the criticism. His remarks highlight the disagreement surrounding the proposed development and the broader debate about confidence in local investors.

The property tycoon argued that Ugandan entrepreneurs should receive the same encouragement given to foreign investors seeking to undertake major commercial developments. In his view, local investors should not be dismissed simply because they are Ugandan or because their proposals involve substantial financial commitments. He believes that domestic capital can play an important role in reshaping Kampala’s commercial landscape if investors are given a fair opportunity to present and implement their plans.

Bulwadda pointed to developments undertaken by foreign investors in Uganda, arguing that some have transformed underutilised spaces into productive facilities that generate income and support business activity. He questioned why a Ugandan investor proposing a comparable project should face resistance instead of receiving a fair hearing. He maintains that local entrepreneurs should also be allowed to demonstrate what their financial resources, business experience and expertise can achieve.

The proposed City Square development, valued at Shs400 billion, would represent a substantial investment in Kampala’s urban commercial space if it proceeds as envisioned. Projects of this scale can create opportunities for businesses, attract investment and contribute to the transformation of central urban areas. However, the actual economic impact would depend on the project’s final design, implementation, financing and the commercial activities it accommodates.

Bulwadda’s appeal also raises broader questions about the relationship between local investors, political leaders and the development of Uganda’s capital. Supporters of domestic investment argue that Ugandan entrepreneurs need opportunities to compete in sectors where large projects often require considerable resources and long-term planning.

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At the same time, major developments must be assessed on their merits, including compliance with applicable laws, planning requirements and other relevant approvals. The available statement does not provide details about the project’s approval status or implementation timeline. For now, Bulwadda is calling on Kampala leaders and the public to rally behind his proposal rather than allow disagreements to undermine a potentially significant local investment. He believes Ugandans should be willing to support entrepreneurs seeking to undertake major developments in their own country. Whether the Shs400 billion City Square project moves forward will depend on the relevant approvals, implementation arrangements and the ability to turn the proposal into a completed commercial development.