Kenya: Government to Expedite Set Up of Free Trade Zone

The government is set to push for the speedy enactment of the Special Economic Zones Bill currently pending in the National Assembly, for the setup of a proposed Free Trade Zone in the coastal city of Mombasa.

Cabinet Secretary for Industrialisation and Enterprise Development Adan Mohamed said that the government has moved to formally seek qualified consultants to guide the process through an Expression Of Interest (EOI) document published last week.

Secretary Mohamed said that the feasibility study the consultant is expected to conduct will provide a roadmap towards the establishment of the FTZ as envisaged in the country’s Vision 2030 National Development Plan. The study is also review the existing policy regulations to ascertain their suitability.

“I am optimistic that this project to establish the country’s first dry free port will be up and running in less than 24 months,” Mohamed said adding that the proposed FTZ at Mombasa, will be benchmarked against some of the World’s best Free Trade Zones including the Dubai Airport Free Zone, China’s Waigaoqiao Free Trade Zone (WFTZ) and Malaysia’s Iskandar Free Trade Zone.

“The government will grant the necessary incentives to roll out the FTZ and the country to enable us leverage on our prime location in the East African Seaboard,” Mohamed concluded.

Source:  allafrica.com


Posted on July 31st, 2013

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