Warehouse developer, Africa Logistics Properties (ALP) yesterday unveiled its latest logistics project which has been under construction over the past four years.
The ALP West Logistics Park located in Limuru, Kiambu County, will target small and medium enterprises.
The KSh. 600 million project measuring approximately 8,000 sqm was the first phase of the plan and is built on part of the company’s 49-acre piece of land locaed in Tilisi industrial park. The company said phase one is already 20% pre-leased.
“The foundational approach we are taking is a demonstration of our commitment to a long-term investment in meeting Kenya’s warehousing and logistics demands. This is focused on industry and retail warehousing, commodity warehousing, cold storage and E-Commerce,” said ALP’s CEO, Richard Hough during the launch.
ALP estimates show that they expect the project to be fully developed at a cost of at least Ksh 15 billion.
Industrialisation Cabinet Secretary Betty Maina who was present at the event said that the project was in line with the country’s Vision 2030 which prioritizes development of SME parks, industrial and technology parks, industrial manufacturing clusters and upgrading of products from small and medium enterprises.
“Logistics is a key enabler of expansion and growth of manufacturing. As a ministry, we intend to double the contribution of manufacturing to the GDP to 15 per cent every year as well as see to it that the sector creates up to one million jobs every year,” she said.
ALP CEO Richard Hough said the company has not has not been an exception to the negative effects of the pandemic but the company has braved it.