This archive report was first published on 8 November 2019.
Published on November 8, 2019, more than 100 local and foreign investors have expressed interest in setting up shop at the planned Naivasha industrial park in Nakuru County.
According to Nakuru County officials, the investors are eyeing the 9,000-acre Special Economic Zone (SEZ) designated by the Government in July this year.
The SEZs are located in Naivasha, Mombasa, and Machakos, and are aimed at boosting manufacturing in the country.
Local firms and foreign investors from countries like India, Europe, the United States, the Netherlands, China, Sri Lanka, and Thailand are said to be interested in establishing key investments within the economic zone.
Nakuru Governor Lee Kinyanjui welcomed the investors, saying that the county's location, good infrastructure, and energy from the Menengai and Olkaria geothermal plants make it an attractive destination for investors.
Companies that will be situated within the zone are expected to enjoy direct connection to cheaper geothermal power from the Olkaria plant and special tax incentives in line with the Fiscal Incentives Act, 2015.
The planned construction of the Naivasha Industrial Park and dry port has raised the profile of Nakuru, with investors, residents, and leaders upbeat that the projects will open up the county as a commercial hub in the East Africa region.
