Chinese investors have pledged $154 million (Ksh20 billion) to establish the Murang’a Industrial Park after a meeting with Governor Irungu Kangata. This project will mark a significant step for Murang’as economic growth. This project will join the Kenya smart phone assembly plant in boosting the country’s economy.
In a series of meetings that were held in China, investors showed interest in the proposed industrial park. The investors aim to employ over 10,000 people and comply with all the set regulations.
Developer: County Government of Murang’a, in partnership with national government agencies and private investors.
Key locations :
Strategic Zones (General): The larger Industrial Park is strategically segmented, including areas for: Medicity/Healthcare, Manufacturing, Export Processing Zone (EPZ), Special Economic Zone (SEZ), Technology and Innovation Hub, Commercial Hub, Sports, Education, Housing, and Infrastructure.
Key Zones:
Targeted employment: The manufacturing hub is expected to create approximately 50,000 direct jobs. Additionally, it will create 250,000 indirect jobs in support sectors e.g., farming, logistics.
Recent development: Chinese investors have pledged Sh20 billion for the park. Furthermore, one company, Jieyundianqi (specializing in electric transformers and solar panels), planning to acquire 50 acres and invest Sh6.4 billion.
Objective: To expand the manufacturing sector, promote value addition, and attract local and international investment. Also the industrial park will create jobs and boost the county’s contribution to the national GDP.
During the investment conference that was held in June, Kangata stated that 800 acres of land had been set aside for the much needed industrial park project that will be located within Del Monte land.
Jieyundianqi Company which has specialised in manufacturing of electric transformers and solar panels sought 50 acres of land, aiming to invest Ksh 6.4 billion. This project alone would employ 1,000 people.
Lastly, Kangata stressed that the Southern China tour was a success. They managed to secure Renewed support from investors for the Muranga Industrial Park. The park will cost over Ksh 20 billion.
“The investors are expected to visit Murang’a this month (October). They expect to tour the land allocated for the industrial project before entering an agreement with the county government and commence construction works,” Kangata stated.