A multi-billion-shilling industrial park is set to be constructed at Kenya’s Export Processing Zone (EPZ). Two Chinese companies – CIFAL International and China.
International Investment – are investing Kshs 20 billion (US$200 million) in the Sino-African Incubation Park, which will be located in Athi River.
The joint investment will create 200,000 m2 of industrial park inside the EPZ grounds occupying 60 acres of land.
At the December 18th, 2016 launch, CIFAL International MD Anna Tao said construction will be undertaken by Qingjian International Group in four phases over the next three years. The initial phase will be an investment of an estimated US$5mn (Kshs 500 million) for a 500-m2 promotion centre and a 10,000- m2 industry park.
The incubation park will support African companies in technology, manufacturing and production, and provide value-added services to help them export their products to global market. It will also have an entrepreneurial hub to support women and youth in setting up business.
Ms Tao said the park would provide a one-stop shop for business services such as exhibitions, offices, warehouses as well as public e-commerce office services. In the first phase, the park will launch industries in medical, chemical, cosmetics, foodstuff, machinery, building materials, agricultural products, office stationery, paper, textile, auto parts, shoes and hats, furniture and household appliances.
