Enact Special Economic Zones Bill, says investor SEZ News
Tatu City Investors are calling on the Government to speed up a Bill on special economic zone to promote business development.
Speaking during a ground breaking ceremony at Tatu City grounds in Kiambu County, the firm's interim Chief Executive Officer Arnold Meyer said the Bill would be important for the multi-billion Tatu City investment in Kiambu County as it seeks to become a production zone.
"We need Special Economic Zone Bill to be implemented urgently. This will attract manufacturers and boost our total export," he said.
Mr Meyer said the city has attracted manufacturing companies and needed favourable laws to attract researchers and developers. He was speaking in Kiambu during the signing ceremony for infrastructure development of the first phase of the Tatu City project.
Two construction firms —Gibb Africa and SS Mehta —signed Sh300 million land preparation contracts that will in the next three months see development of infrastructure, electrical and gas substations.
The developer said Gibb Africa and SS Mehta were awarded the tender after rigorous tendering process. Gibb have been tasked with detailed design and supervision of the enabling works contract. They have also been tasked with the detailed design for the main works, which includes the roads and services reticulation.
Speaking when he presided over the signing ceremony, Kenya Vision 2030 Chief Executive Officer Mugo Kibati hailed Tatu City as a model of how public private partnerships can be structured to drive the Vision 2030, Kenya's two decade development roadmap.
"Tatu City is an example of a viable Public Private Partnership that would help us realise goals of developing 200,000 housing units annually as per our vision," said Kibati.
"The Government is keen on the partnership, we are not going to sit back on your request."