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From 2016 to date, the developers sold about 300 acres out of the 457 acres available to multinationals seeking to put up industries at the upcoming mixed development.Photo Courtesy
Tatu City to make available 435 acres of industrial space in 2018
Tatu City is set to open up more industrial land for uptake next year following a huge demand from companies.
Tatu City Senior Development Manager Chris Ochieny says the about 435 acres will be opened next year for industrial space uptake.
From 2016 to date, the developers sold about 300 acres out of the 457 acres available to multinationals seeking to put up industries at the upcoming mixed development.
He says the increase in uptake came after the development was accorded a vision 2030 flagship project attaining special economic zone status thus making it attractive for investors due to tax breaks.
Some of the firms that have taken up space include Bidco and Chandaria to build industrial plants.
“We are now in talks with Hotel chains as well as multinational retail chains who have shown keen interest in developing here,” Ochieng revealed.
Tatu City is the largest private development in Kenya and has to date invested Sh 2.2 billion in infrastructure.
Tatu City is designed as a controlled development that will provide privately managed utilities to guarantee reliability.
The controlled development is expected to create 100,000 permanent jobs and 220,000 temporary jobs during its lifetime.
“What we have seen is a model for sustainable urban development. The framework and intentions of the projects are good, we want to see orderly urbanisation around such cities in the country,” Vision 2030 Delivery Secretariat Director General Julius Muia said.
Source:https://www.capitalfm.co.ke/
