By Antony Mutunga
Tatu City, Kenya’s 5,000-acre mixed-use Special Economic Zone (SEZ), has recently been appointed by the World Free Zones Organization (World FZO) as Kenya’s representative to its 700+ global member body.
In this role, Tatu City will be responsible for administering the regional office of World FZO in Kenya which will act as a center for thought leadership and knowledge exchange for free zones and governmental organizations to access and training, networking, and business development.
“We are delighted to welcome Tatu City as a member and the first Regional Office in Kenya. As the first operational Special Economic Zone in Kenya, Tatu City represents both the foresight of the Government of Kenya in embracing economic zones as a powerful tool for growth and the critical role the private sector plays in successful government policy,” said Dr Samir Hamrouni, CEO of World FZO.
Preston Mendenhall, Chief Operating Officer of Tatu City and Executive Vice President of Rendeavour, Africa’s largest urban land developer, lauded Tatu City for creating a benchmark for free zones in Kenya and noted they accept the appointment as World FZO’s first Regional Office in the country with pride. “We look forward to furthering World FZO’s mission to provide in-depth research, insights, and guidelines for the establishment and administration of free zones,” he said.
SEZs have proved to be important instruments of trade, investment, and industrial policy, as well as being major contributors to economic integration in Africa by promoting intra-regional trade and investment according to the United Nations.