Nairobi to be specific has been recognized as the most strategic city for multinationals eyeing the African market due to its expansive dual air connectivity with Africa and the world. As a result of this, one of Africa’s largest privately owned park dubbed Infinity Industrial broke grounds to officially commence its construction. The park will expand the growth for a condusive environment for local manufacturers and raise Kenya’s foreign direct investment.
The park located along the Eastern bypass with ease of access to Mombasa road, city center and Thika Superhighway will cost KES 12.5bn ($125m) to build. The idea was highly commended during Kenya Investment conference held at KICC. The conference was presided over by President Kenyatta and attended by over 2,000 delegates from across the world.
The project set to be complete in two years has attracted investors from the US, India, China, Malaysia, Dubai, Singapore and Europe. Covering a 200 acre plot at Utawala in Eastlands, it is designed to accommodate between 800-1000 small and medium-scale industries.
According to an online post, Abacus Property Consultants, an international real estate firm with operations in East Africa, India and Dubai, and which is managing the project, said the premises would provide the necessary industrial infrastructure and services to manufacturers on lease. As at now 35 per cent has been sold off.
Kenya Investment Authority has approved the project that is intended to enhance the country’s target of 15 per cent contribution by the manufacturing sector to the Gross Domestic Product from the current 10 per cent.
It will house world class social amenities and modern infrastructure providing investors with golden opportunities. Some of the amenities include police station, hospital, power sub-station, sewerage and water treatment facilities, and a recreational area. There will also be a commercial area with offices, banks, restaurants and shopping outlets.
The waste management area will allow industries to dispose off their industrial waste in an equal manner through a built sewerage system. The park will also offer employment opportunities for Kenyans.
Kenya Urban Roads Authority (KURA) is constructing a main access road from the eastern bypass to the site while NEMA has already issued a license for its construction.