DP World, the Dubai-based global logistics company, is expanding its investment in Kenya by developing the Mombasa Industrial Park, a Special Economic Zone (SEZ) that will strengthen the country’s position as a regional trade and logistics gateway to address the growing demand for modern industrial and logistics infrastructure in East Africa.
DP World – which manages cargo ports, marine services, and free economic zones – has signed an agreement with GulfCap Africa, a Kenya-based investment and development Group founded by Suleiman Shahbal, to develop the project in phases. The 222 hectares industrial park will be strategically located less than 20 kilometres from the Port of Mombasa, providing businesses with efficient access to regional and international markets. The first phase of the industrial park will span 40 hectares.
Kenya is a strategic market for DP World, where the company has an established logistics and market access footprint. Leveraging its global expertise in developing and operating integrated logistics ecosystems and Special Economic Zones, DP World says it is well positioned to support the development of world-class industrial infrastructure that enhances trade, improves market access and drives sustainable long-term economic growth.
Yuvraj Narayan, Group CEO of DP World, said Kenya is an important market for DP World and a key gateway for trade across East Africa. “The development of Mombasa Industrial Park reflects our commitment to investing in integrated trade infrastructure that connects ports, logistics and industrial ecosystems,” said Narayan. “By creating an environment where businesses can manufacture, distribute and access global markets more efficiently, we are helping unlock new opportunities for trade, investment and sustainable economic growth.”
Mohammed Akoojee, CEO and Managing Director for Africa at DP World, said this project will not only strengthen regional trade and supply chain connectivity but also create thousands of employment opportunities, attract new investment and contribute meaningfully to Kenya’s socio-economic development. The agreement remains subject to the fulfilment of certain conditions precedent and completion of the formal signing process.
Leave a comment