resulting productivity improvement will support the development of industries based on agro-processing and value-addition, which will lead to the structural transformation of the economy. Government has further boosted the opportunities for long-term financing of investments in agriculture and industry through the revamping and re-capitalisation of the Uganda Development Bank (UDB) and the revitalisation of Uganda Development Corporation (UDC). 2.2.10 Government has continued to pursue the development strategy for transforming the economy by emphasising industrialisation focusing on developing a competitive, diversified economy that is private sector-led, mainly agricultural-based (involving value addition by processing agricultural products) and export-oriented. While full trade liberalisation and open market policies have been maintained, government has also promoted a policy of strategic intervention for accelerated industrialisation. This it had done mainly through the creation of an incentive structure that is directed at linking the industrialisation process with the country‟s resource base. One way this has been done has been through the establishment of Export Processing Zones (EPZs). 2.2.11 The Ministry of Finance, Planning and Economic Development has spearheaded the development of an Investment and Free Zones Bill, 2008, which seeks to better facilitate investment in Uganda, including the establishment of Export Processing Zones. The Bill is currently awaiting cabinet approval before being published in the gazette and presented to Parliament for the first reading. The Uganda Investment Authority (UIA) has spearheaded the establishment and development of Industrial Parks, which will comprise Free Trade Zones among other facilities. The allocation of fully serviced plots of land at the Namanve Industrial Park to interested investors with the minimum requirements has started. Plans are underway to develop a similar park at Luzira; and to establish at least one Industrial park in each region. These will create employment opportunities for Ugandans, especially the youth. 2.2.12 Government macroeconomic management and poverty reduction interventions have also focused on addressing poor transport infrastructure and inadequate electric (hydro and thermal) power supply which remains a key factor in the increases in the local cost of investments.