NAIROBI, Kenya, May 24 – Tatu City has been appointed by the World Free Zones Organization (World FZO) as its Kenyan representative of its more than 700 members around the world.
This means that the World FZO regional office in Kenya will be administered locally by Tatu City as a center of thought leadership and knowledge exchange for free zones and government organizations to access training, networking and learning. business development.
World Free Zones Organization Samir Hamrouni said: âAs 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 that plays the private sector in the success. government policy. “
The World FZO is a non-profit organization that provides an authoritative collective voice representing the interests of free zones around the world. Based in Dubai, United Arab Emirates, World FZO was launched in 2014 by its 14 founding members and under the auspices of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai .
A recent study by the United Nations and the Organization of African Economic Zones called SEZs “important instruments of trade, investment and industrial policy” and highlighted the contribution of SEZs “to economic integration in Africa. by promoting intra-regional trade and investment â.
âTatu City is setting a benchmark for free zones in Kenya, and we proudly accept the appointment as World FZO’s first regional office in the country,â said Preston Mendenhall, Tatu City Director of Operations and Executive Vice President of Rendeavor, Tatu City. owner and developer.
âWe look forward to continuing World FZO’s mission to provide in-depth research, information and guidelines for the establishment and administration of free zones,â he added.
Currently, in Tatu City, more than 60 businesses have opened or started development, 5,000 homes are completed or under construction, and two schools – Crawford International and Nova Pioneer – educate more than 3,000 students every day.