Industries take the lead in growth of Tatu City
NAIROBI, Kenya, Mar 1 – Industries need space and Tatu City has plenty of it having recently opened Phase Two of the city’s dedicated industrial precinct.
The City’s Special Economic Zone status provides reduced corporate taxes, customs and excise duty exemptions, VAT benefits, profit and capital repatriation at reduced rates, as well as enhanced intellectual property rights, among other benefits.
Commercial Sales Manager, Tito Oduk says Phase Two spanning 450 acres brings the land available for light industries to almost 1000 acres.
He notes that as the traditional industrial areas become congested, there is pent-up demand for more space with better planning, infrastructure and improved amenities.
Since the inception of Tatu City in 2008, a lot of controversy has dogged the multi- billion-shilling project touted as a model in urbanization under Kenya’s development flagship – Vision 2030
Nick Langford, Country Head for Tatu City on behalf of Rendevour says his job is to deliver Tatu. The going has been slow, but Langford maintains that they have made significant progress.
He says the city is already playing a major role in the Government’s Big Four Agenda, especially in the areas of manufacturing and affordable housing.