President Uhuru Kenyatta on Friday presided over the groundbreaking ceremony for the establishment of Dongo Kundu Special Economic Zone.
The Dongo Kundu SEZ which is designed to be a multi-sectoral zone comprises of Industrial Parks, Free Trade Zones/Free Port, Dongo Kundu Port, Tourism Zone (MICE), Business Service Parks and Commercial and Residential Zone.
The SEZ will be developed in three phases with the first phase is expected to be ready by 2023 and is expected to inject into the Kenyan economy Shs 400 billion in local and foreign direct investments and create over 100,000 jobs.
Speaking at the groundbreaking ceremony, the President Kenyatta said the Dongo Kundu SEZ will herald a milestone transformation in the coastal region and will further promote the “Buy Kenya, Build Kenya” philosophy.
He said the establishment of special economic zones will see Kenya become self-sufficient in industrial goods that currently consume most of the country’s foreign exchange.
“For a long time the country has depended on imported goods hence developing other parts of the world,” President Kenyatta said.
The President cautioned leaders against divisive politics saying the biggest concern for Kenyans was the creation of jobs and service delivery.
The Head of State challenged local manufacturers and traders to leverage on the improving business environment in the country to maximize production of goods especially for export markets so as to create jobs.
He said the Dongo Kundu SEZ will create direct jobs for more than 100,000 people and is not only l expected to transform the economy of the coast region but that of the whole country and the region. Read more>>