Shahbal to set up Ksh.12B Economic Zone in Mombasa after deal with DP World

Businessman Suleiman Shahbal has secured a Special Economic Zone (SEZ) investment deal with global logistics giant DP World.
DP World is one of the world’s leading logistics and supply chain companies. Headquartered in Dubai, the company operates ports, free zones, and logistics hubs in more than 70 countries.
It plays a key role in facilitating global trade and has invested in major infrastructure projects across Africa, Asia, Europe, and the Americas.
The investment is valued at more than 100 million dollars (Ksh.12 billion) and is projected to create 7,972 direct jobs.
The SEZ will be established on a 535-acre parcel of land in Jomvu Sub-County, which was previously used as a cattle staging ground by the Kenya Meat Commission.

It is currently under lease from the County Government of Mombasa.

The project is expected to attract manufacturers, logistics firms, exporters, technology companies, and other industrial investors.
Shahbal, the Chairman of Gulf Group of Companies has pursued the development for more than two decades.

The proposal first featured prominently in Shahbal’s development agenda in 2010.

According to the Kenya National Chamber of Commerce and Industry (KNCCI) Mombasa Chapter chairman Aboud Jamal, the Special Economic Zone is expected to unlock enormous economic opportunities for Mombasa and the Coast region at large.

“We fully supports investments of this magnitude because they have the potential to transform our local economy. The SEZ will not only attract more investors but also create thousands of jobs, stimulate trade, and position Mombasa as a leading regional logistics and manufacturing hub,” said Mr Jamal.

He added: “This is exactly the kind of strategic investment the private sector has been advocating for, and we look forward to working with all stakeholders to ensure its success.”