Uganda Development Corporation (UDC) is set up by the Uganda Development Corporation Act of 2016 as the investment arm of the Government of Uganda for purposes of industrial and economic development of Uganda. The Corporation follows the Government Policy on industrial and economic development and UDC's activities are all aligned towards achieving the commitments in the National Development Plan, National Industrial Policy (2008) and Vision 2040. UDC as the Industrial and Development arm of the Government of Uganda is mandated to invest in strategic sectors of the economy in order to catalyze industrial and economic development.