Konza Technopolis Development Authority (KoTDA), the owner of Tatu city is planning to establish an association for Special Economic Zones (SEZs) that is aimed at among others, accelerating development and investments in the country.
The firm in a statement, said the association will champion favourable policies and a conducive environment for SEZs with an ultimate aim of attracting foreign direct investments (FDI) into the country as well as promoting domestic investment.
“The engagement will further enable the upcoming SEZs in the country to speak with one voice, thereby safeguarding their investors’ interests and championing for more development,” the firm said.
Preston Mendenhall, Tatu City’s Chief Operating Officer (COO) said its collaboration with Tatu city to create the association will boost urban development in the country as well as ensure its good implementation
“We are glad for the continued engagement between us and Konza Technopolis.
What we have identified as sister cities is that we must collaborate closely on the Special Economic Zones which is relatively new legislation to ensure its good implementation in Kenya to enable it to attract Foreign Direct Investments in Kenya and also benefit all domestic investors,” he said.
Mendenhall noted that both cities are looking forward to positioning Kenya as a global industrialization hub by bringing in more investors while easing the weight of urbanization on cities.
So far, 64 companies have already taken space at Tatu City, with 13 of them operating under the SEZs category.