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President William Ruto engaging with Businessman Suleiman Shabal at a past event. [File,Standard]

A Sh12 billion industrial hub planned for Jomvu, Mombasa, is expected to create 7,972 direct jobs and attract companies in manufacturing, logistics and exports.

President William Ruto will on Tuesday, September 8, preside over the signing of an agreement between GulfCap Group and global logistics company DP World at State House, Nairobi.

The agreement represents an investment of more than $100 million and will pave the way for a Special Economic Zone (SEZ) covering about 535 acres in Jomvu.