DP World Kenya has signed a big new agreement. This agreement is with a company called GulfCap Africa. Together, they will build a huge industrial park in Mombasa, Kenya.
This new park will be a Special Economic Zone. A Special Economic Zone is a special area where businesses get extra support to grow. The full zone will cover 222 hectares. That is a very large piece of land.
What Is This New Agreement About
The agreement was signed for a project called the Mombasa Industrial Park. This park will help Kenya build more factories and trade centers. It will also make it easier for goods to move in and out of the country.
The deal was signed with an important guest present. His Excellency Dr. William Samoei Ruto, President of Kenya, joined the signing event. This shows how important the project is for the whole country.
This new agreement builds on an earlier partnership. DP World Kenya and GulfCap Africa first announced their plan in August. Now, they are moving forward with real action.
Kenya’s President Shares His Support
President Ruto spoke about why this project matters. He said this is an important step for Kenya’s future economy. He explained that the government wants to create the right space for businesses to succeed.
He also shared the country’s main goal. Kenya wants to lower the cost of making goods. This way, products made in Kenya can compete well in both local and global markets.
His words show strong support from the government. This kind of support helps big projects like this move forward faster.
Phase One Starts With 40 Hectares
Big projects often start in smaller steps. This project will begin with Phase 1. Phase 1 will cover 40 hectares of land.
This first phase is very important. It will help attract new investments from other countries. It will also help local factories grow bigger. In addition, it will connect Kenyan businesses with regional and global markets.
There is already a lot of interest in this project. More than 60 local and international companies want to join. They hope to set up their businesses inside the zone.
Once the whole project is finished, it could create more than 20,000 jobs. These jobs will help many families and communities in Kenya.
Why DP World Believes in Kenya
His Excellency Essa Kazim, Group Chairman of DP World, spoke about why this project matters to the company. He said Kenya is a very important market for DP World. He also said this agreement shows strong belief in Kenya’s long-term growth.
He explained that this investment is about building the right infrastructure. Good infrastructure helps trade grow. It also helps attract new industries. Most importantly, it connects Kenyan businesses more easily with the rest of the world.
He added that this project is not only about building an industrial park. It is about creating a bigger platform. This platform will support investment, manufacturing, and trade for many years to come.
Mohammed Akoojee, who leads DP World’s work in Africa, also shared his thoughts. He said the project shows a long-term commitment to Kenya. He explained that bringing industry and logistics together will help businesses reach markets more easily.
How Local Businesses Will Benefit
This project is not only for big international companies. It also supports smaller Kenyan businesses. Many small and medium-sized enterprises, also called SMEs, are expected to benefit too.
These smaller businesses will get new chances to grow. They can supply goods and services to the bigger companies inside the zone. Over time, they can also connect with even bigger regional and global supply chains.
Suleiman Shahbal, Founder of GulfCap Africa, spoke about this teamwork. He said the partnership with DP World Kenya marks a new chapter for industrial growth in Mombasa. He explained that the project brings together infrastructure, logistics, and investment. Together, these things help businesses grow stronger.
If you want to explore more about big trade projects like this, check out our Africa trade and investment news and our DP World global projects section for more updates.
You can also read more about global trade challenges in this related report on shipping disruptions and their impact on small businesses.
Access to Big World Markets
One of the biggest benefits of this project is market access. Businesses working inside the Special Economic Zone will be able to reach many important markets easily.
Here are some of the trade agreements that will help them:
- The African Continental Free Trade Area (AfCFTA)
- The Economic Partnership Agreement with the European Union
- The Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates
These agreements make it easier and cheaper to sell goods in many countries. This gives businesses inside the zone a strong advantage.
Final Thoughts
The new DP World Kenya agreement is a major step for Mombasa and for Kenya as a whole. It brings together government support, global investment, and strong local partnership.
With Phase 1 already planned and more than 60 companies showing interest, the project is off to a strong start. Over time, it could bring thousands of new jobs and open the door to bigger trade opportunities across Africa and the world.
This project shows how teamwork between governments and global companies can build a brighter economic future.
Read More : Uae Weekly Mag
Reference By : Economy Middleeast