{"id":347717,"date":"2026-03-25T21:51:07","date_gmt":"2026-03-25T21:51:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/347717\/"},"modified":"2026-03-25T21:51:07","modified_gmt":"2026-03-25T21:51:07","slug":"east-africas-largest-economy-to-host-3b-dubai-funded-industrial-projects-over-next-five-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/347717\/","title":{"rendered":"East Africa\u2019s largest economy to host $3B Dubai-funded industrial projects over next five years"},"content":{"rendered":"<p>\n        The investment, aimed at three industrial and export parks and a local textiles firm, is part of Kenya\u2019s broader push to <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/kenya-shuns-china-backed-loans-revives-369km-stalled-railway-project-with-dollar4b\/jntp0nr\" id=\"71117e91-0325-4d44-b485-fa8bb78fbd1c\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">attract overseas capital and create jobs<\/a> as it solidifies its position as east Africa&#8217;s largest economy.\n    <\/p>\n<p>\n        \u201cOur total investment in these projects is going to be upwards of about $3 billion,\u201d Nikhil Gandhi, AriseIIP\u2019s executive director in charge of special economic zones development, told Reuters on the sidelines of an investment conference.\n    <\/p>\n<p>\n        \u201cWe are looking to attract global companies from more than 14 countries globally to set up their manufacturing base here.\u201d\n    <\/p>\n<p>\n        The funds will be allocated to two export zones along Kenya\u2019s coast, a third in the Rift Valley town of Naivasha, and to the Rivatex textiles firm.\n    <\/p>\n<p>        Kenya\u2019s growing appeal to overseas investors<\/p>\n<p>                    <img width=\"790\" height=\"527\" alt=\"This move marks AriseIIP\u2019s first project in Kenya, with support from partners like KCB Group and Afreximbank.\" title=\"This move marks AriseIIP\u2019s first project in Kenya, with support from partners like KCB Group and Afreximbank.\" class=\"image lazyloaded imgWithMetaData\" src=\"data:image\/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'790'%20height%3D'527'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E\" data-original=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/5rKktkpTURBXy9jMDQ3YjhhNzdlZjgzMmI1NjEwNzIzZTcxM2ZkYTYzZS5qcGeSlQMAAM0DwM0CgJUCzQMWzQIPwsM\" fetchpriority=\"low\" decoding=\"async\" loading=\"lazy\"\/> <\/p>\n<p>\n        AriseIIP, owned by Afreximbank\u2019s private equity arm (FEDA), the Africa Finance Corporation, Saudi Arabia\u2019s Vision Invest, and UAE-based Equitane Group, has previously invested in Benin and Gabon, but this marks its first entry into Kenya.\n    <\/p>\n<p>\n        Dozens of firms from China, Lebanon, and India have already expressed interest, though Gandhi declined to name them.\n    <\/p>\n<p>\n        He highlighted how geopolitical shifts could benefit African markets: \u201cWar in Iran and U.S. tariff hikes could actually benefit some African countries as supply chains change. People will shift value chains to this continent. In the context of where Kenya lies, I can already see a tectonic shift.\u201d\n    <\/p>\n<p>\n        With rising foreign interest, the country is leveraging its strategic location, infrastructure, and investor-friendly policies to attract high-value projects, signaling a new phase of economic expansion.\n    <\/p>\n<p>\n        Such large-scale deals could accelerate job creation and improve Kenya\u2019s competitiveness in regional and global supply chains, especially in sectors like textiles, minerals, and electric vehicles.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"The investment, aimed at three industrial and export parks and a local textiles firm, is part of Kenya\u2019s&hellip;\n","protected":false},"author":2,"featured_media":347718,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-347717","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=347717"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/347718"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=347717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=347717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=347717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}