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Home / NEWS / Chinese investors to create Dubai-like Kenyan city

Chinese investors to create Dubai-like Kenyan city

by Gavin Gibbon on Apr 8, 2014


Investors are hoping to match the glamour of Dubai.
Investors are hoping to match the glamour of Dubai.

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Chinese investors are set to unveil a Sh65bn ($750mn) city near Nairobi that they claim will match the splendour of Dubai.

The ambitious plan, which involves at least 100 Asian investors, is being fine-tuned ahead of an anticipated visit to Kenya by Chinese Premier Li Keqiang early next month.

It is understood construction may begin later in the year.

The project, to be developed on land in Athi River, Machakos County, about 30km from Nairobi, is styled as a Chinese-controlled economic zone that will host corporates from the Asian giant and serve as its hub for Eastern Africa.

The design by Chinese architects, the Sunday Nation, includes building at least 20 skyscrapers. Those familiar with the project say it is supposed to match the glamour of Dubai and is also expected to be a shopping destination that stocks Chinese and other global products.

Representatives from some Chinese corporates involved were in Kenya last week and held talks with key stakeholders in government to lay strategy for the project.

Qiu Yan of Multi-Win Holding Ltd said that once completed the project had the potential to create 200,000 jobs.

The Director of External Communications at State House, Munyori Buku, said he was aware of the proposed project which would push the government’s plan to turn around the country’s economic prospects and help achieve Vision 2030.

“Such projects are a clear manifestation of the Jubilee administration’s plan to take the Vision 2030 to the next level,” Mr Buku said.
 



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