Posted: October 27, 2021 at 5:00 a.m. EDT|Update: 2 hours ago
CITY OF TATU, Kenya, October 27, 2021 / PRNewswire / – Tatu City, the first operational special economic zone in Kenya, was recognized by fDi Intelligence’s Free Zones Awards 2021. The rapidly growing 5,000-acre new city on that of Nairobi doorstep won in the large tenant category and received an honorable mention for its workforce training for the local community.
fDi Intelligence, a service of the Financial Times, brought together six independent judges to assess “the best free zones in the world”, according to Alex Irwin-Hunt, Global Markets Editor, fDi Intelligence.
Currently in Tatu City Special Economic Zone (SEZ), more than 60 local, regional and multinational enterprises have opened or started to expand. 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 , among others.
Residential developments in Tatu City include Unity Homes, Lifestyle Heights, and Kijani Ridge. Over 5,000 homes are completed or under construction, and Crawford International and Nova Pioneer schools educate more than 3,000 students per day.
The current development of the Tatu City SEZ is estimated to be over $ 1.2 billion. Tatu City is owned and developed by Rendeavor, the largest builder of new cities in Africa, whose shareholders are from United States, New Zealand, Norway and UK. Rendeavour builds seven cities in Kenya, Nigeria, Ghana, Zambia and Democratic Republic of Congo.
In Nigeria, more than 40 companies have established themselves in Alaro City since Rendeavor and the Lagos State Government launched the project just over two years ago. In Lubumbashi, DRC, the Kiswishi de Rendeavour development is the country’s first private SEZ.
In Kenya, Tatu City SEZ was also recognized for its pioneering work with the local community during the development of the new city. Rendeavor and Tatu City have provided free vocational training to over 1,000 members of the local community and serve 1,400 meals at local primary schools every day.
“This is truly an example of how free zones are so much more than just investment destinations,” fDi’s Irwin-Hunt said. “Free zones are not only centers of production and economic activity. They also play an important role in local communities.
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