29.10.2021 – 05:51
Tatu City, Kenia (ots/PRNewswire)
Tatu City, the first operational special economic zone in Kenya, was recognized by fDi Intelligence as part of the Free Zones Awards 2021. The 2,000-acre, fast-growing new town just outside Nairobi won in the Large Tenant Category and received an Honorable Mention for training workers for the local community.
fDi Intelligence, a Financial Times service, has selected six independent judges to rate “the best free zones in the world,” said Alex Irwin-Hunt, Global Markets Editor, fDi Intelligence.
Currently, more than 60 local, regional and multinational companies have started operations or development in the Tatu City Special Economic Zone. These include industry leaders such as Dormans, Cooper K-Brands, KWAL (Distell), Cold Solutions, Friendship Group, Chandaria Industries, Kim-Fay, Davis & Shirtliff, Copia, FFS, Twiga Foods and Stecol, to name a few.
The residential complexes in Tatu City include Unity Homes, Lifestyle Heights and Green Ridge. More than 5,000 homes are completed or under construction and Crawford International and Nova Pioneer Schools teach more than 3,000 students every day.
The current development of the Tatu City Special Economic Zone is estimated at more than USD 1.2 billion. Tatu City is owned by Rendeavor, the largest new city construction company in Africa, with shareholders from the United States, New Zealand, Norway and the United Kingdom. Rendeavor is currently building seven cities in Kenya, Nigeria, Ghana, Zambia and the Democratic Republic of the Congo.
In Nigeria, more than 40 companies have settled in Alaro City since Rendeavor and the government of Lagos State launched the project a good two years ago. In Lubumbashi, Democratic Republic of the Congo, the Rendeavor Kiswishi Project is the country’s first private SEZ.
In Kenya, Tatu City SEZ was also recognized for its pioneering work with the local population in developing the new city. Rendeavor and Tatu City have offered free training to more than 1,000 members of the local community and serve 1,400 meals to local elementary schools every day.
“This really is an example of how free zones are much more than just investment goals,” said Irwin-Hunt of fDi. “Free zones are not just centers of production and economic activity. They also play an important role in local communities.”
Original content by: Tatu City, transmitted by news aktuell