A Mombasa special economic zone on 535 acres at Jomvu has drawn DP World and over KSh 12 billion, with 67 companies already committed to the site.
KENYA · BUSINESS
Key Facts
—The site: The zone will occupy a 535-acre parcel in Jomvu Sub-County, on the mainland side of Mombasa.
—The partners: DP World of Dubai is backing the project alongside the Gulf Group of Companies, controlled by Kenyan businessman Suleiman Shahbal.
—The value: The agreement is worth more than KSh 12 billion, or approximately US$100 million.
Sources familiar with such an undertaking put the total value of the project in the upwards of $100 million (Sh12.94 billion).
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