DP World, GulfCap formalise Mombasa industrial park venture

DP World and GulfCap Africa have solidified their collaboration to create the 222-hectare Mombasa Industrial Park through a Shareholders Agreement. This venture aims to bolster manufacturing and logistics capacity on Kenya's coast, with the first phase covering 40 hectares. The site, situated less than 20 kilometers from the Port of Mombasa, is poised to attract foreign direct investment, bolster local manufacturing, and enhance connectivity with regional and international markets.

Over 60 companies, both local and foreign, have shown interest in leasing space within the special economic zone. The completed development is projected to generate more than 20,000 direct and indirect jobs, contingent upon investment uptake and the speed of business operations. President William Ruto signed the agreement at State House in Nairobi, alongside the Mombasa County Government, alongside the presentation of a developer’s license under the special economic zone.

Ruto emphasized the government's commitment to providing infrastructure and reducing utility costs to enhance the competitiveness of manufacturers in the park and encourage export-oriented investment from domestic and overseas businesses. The Mombasa Industrial Park is a key component of DP World's broader strategy to construct integrated industrial and logistics infrastructure in Kenya, aiming to connect businesses with markets across Africa and beyond.