DP World has signed an agreement with GulfCap Africa, a Kenya-based investment and development group, to develop the Mombasa Industrial Park, a Special Economic Zone (SEZ) in Kenya. The project aims to strengthen Kenya's position as a regional trade and logistics gateway and meet the growing demand for modern industrial and logistics infrastructure in East Africa.
The 222-hectare industrial park will be located less than 20 kilometres from the Port of Mombasa, providing businesses with efficient access to regional and international markets. The first phase will span 40 hectares, with the project to be developed over multiple phases.
Yuvraj Narayan, Group CEO of DP World, said: 'Kenya is an important market for DP World and a key gateway for trade across East Africa. The development of Mombasa Industrial Park reflects our commitment to investing in integrated trade infrastructure that connects ports, logistics and industrial ecosystems.'
Mohammed Akoojee, CEO and Managing Director for Africa at DP World, said the project will strengthen regional trade and supply chain connectivity, create thousands of employment opportunities, attract new investment, and contribute to Kenya's socio-economic development.
Source: bignewsnetwork.com
