Chinese company breaks ground on $200 million industrial park in Kenya’s capital
A company called CIFAL international is breaking ground for a 200 million dollar incubation park in Nairobi, Kenya.
The project will take three years and will culminate in a 200,000 square meter industrial park.
Speaking during the launch yesterday, CIFAL International Managing Director Anna Tao said construction of the project will be undertaken by Qingjian International Group Ltd in four phases over the next three years. The initial phase will be an investment of an estimated $5 million (Ksh500 million) for a 500 square-metre promotion center and a 10,000m2 industry park.
The incubation park will support African companies in technology, manufacturing and production, and provide value-added services to help them export their products to global market. It will also have an entrepreneurial hub to support women and youth in setting up business.
