The planned construction of Naivasha Industrial Park is set to begin next week according to Trade and Industrialization Cabinet Secretary Peter Munya.
On completion, the project will be the only special economic zone (SEZ) in Nakuru County and is expected to drive the establishment of industries in the region. Nakuru town is already a thriving metropolis and Kenya’s fourth most significant commercial hub. Proximity to the industrial park is seen as a game changer to the country’s industrialization.
CS Peter Munya said Kenyan President Uhuru Kenyatta will preside over the groundbreaking ceremony for the development of the Naivasha Industrial Park on December 17th.
The event will coincide with the maiden trip for the freight train from Mombasa through to Nairobi and Naivasha’s Inland Container Depot (ICD). “I am also pleased to announce to you the maiden trip for a double-stacked train from the Port of Mombasa to the ICD Naivasha,” said the Cabinet Secretary.
The Naivasha dry port will ease the movement of goods and boost trade between Kenya and South-Sudan, and increase the uptake of locally available raw materials within the region.
“Further, the special economic zone is designed to provide an institutional framework, physical infrastructure and administrative services that will ensure a completely smooth operation to support the various economic activities within the Industrial park,” he added.
Munya said issuance of space within the economic zones will be open for both local and foreign investors without discrimination to ensure healthy competition. Already early bird local and foreign investors have expressed interest in setting up establishments at the planned industrial park.
Companies within the SEZ will enjoy tax concessions as well as direct connection to cheaper geothermal power from the Olkaria plant.