Dubai-Based Firm To Invest $3 Billion in Kenya in a Major Industrial Boost | Firstpost Africa | N18G
Kenya is poised to transform its economic landscape with a $3 billion investment from Dubai-based infrastructure developer Arise IIP. Spanning the next five years, this ambitious project aims to create three massive industrial and export parks—two located along the strategic coastline and a third in the Rift Valley hub of Naivasha. A cornerstone of this deal is the modernisation of Rivatex, Kenya’s popular textile firm, shifting the nation from a raw cotton exporter to a high-value apparel manufacturer. Backed by an $800 million support fund from KCB Group and Afreximbank, the initiative capitalises on the Kenya-UAE Comprehensive Economic Partnership Agreement (CEPA). As global firms seek stability amid shifting trade tides and geopolitical tensions, Kenya’s strategic pivot toward high-tech manufacturing aims to generate thousands of jobs and cement its status as East Africa’s industrial powerhouse.-----
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