Tatu City managers seek incentives to attract investors

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The management of the 5,000-acre mixed development project, Tatu City, are calling on the government to incentivize the project including tax exemptions for developers to attract more investment.

The managers of Tatu City say the project is on course with five companies already having started operations at the expansive project site including Dormans, Crawford International School and Freight Forwards

Nick Langford, the Country Head for Rendeavour, which manages the Tatu City Project, says the multi billion shillings project has potential to support governments Big Four Agenda with keen focus on manufacturing and housing with the right support structure.

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Langford says close proximity to Nairobi city center as well as already laid out infrastructure has made Tatu City attractive to investment.

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In addition, the management wants the government to incentivize the project by offering tax exemptions for developers.

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The project has faced numerous court cases and tax evasion allegations. As a way of involving the local community, Tatu City has begun a vocational training program targeting area youth to develop skills in security as well as building and construction sector.

As a way of involving the local community, Tatu City has begun a vocational training program targeting area youth to develop skills in security as well as building and construction sector.

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Six housing projects being undertaken by among others Unity Homes, Lifestyle Heights and Karibu Homes are on course in Tatu City targeting 70,000 housing units.

The managers want the government to increase its support for the project citing its impact in supporting manufacturing and housing under the Big Four agenda.

 

 

 

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