Hounen, a renowned name in real estate development and solar energy production on a global scale, has proclaimed over 63,000 square meters of undertakings at the Special Economic Zone (SEZ) of Tatu City, signifying its debut in Sub-Saharan Africa.
The projects, with a potential of obtaining over 2,500 jobs, will put Kenya on the map as Hounen’s hub for investments in the region. Hounen, which has been successful in China, Indonesia, Cambodia, and the United States, is going to supervise three main projects in Tatu City, the leading SEZ in East Africa.
One of them is a 43,500 sqm multi-purpose project in Tatu Central, incorporating four 21-26-storey towers of offices, retail, commercial, and residential areas with a community, designed to meet the needs of international investors.
Moreover, a factory for the production of solar panels will be constructed at ALP North Logistics Park, and a 1.3MW roof solar power system will be set up at The Link, Tatu City’s SME warehousing facility. Hounen is betting on the expansion of the projects, which include a retail village and executive apartments.
The news was presented at the signing ceremony led by John Mwendwa, CEO of the Kenya Investment Authority (KenInvest). “Hounen coming to Kenya is a vote of confidence that our country is worth investing in, and it has been made possible by the SEZ system, which is so practical,” Mwendwa stated.
Jufang Lyu, Hounen’s Founder and Chairwoman, also highlighted the fact that Kenya was chosen strategically. “We had to make the decision between where in the African continent we’d be the next to come; and it was Tatu City that gave us the best opening,” she said.
Rendeavour is the developer of Tatu City, which is currently considered one of the most dynamic African technology hubs, with more than 100 companies and an investment fund of USD 3 billion coming from different countries such as Kenya, US, China, and UK, and also leading institutions like the World Bank and the African Development Bank.
“We are offering the world the chance to be a part of Tatu City and get the advantages of being at the heart of business in one of the most environmentally responsible cities in Africa,” commented Rendeavour CEO Stephen Jennings.
These undertakings will undoubtedly give a massive uplift to the Kenyan economy and clean energy sector, further cementing the role of Tatu City as a premier destination for international investments.