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$30 million facility employs 1,800 Kenyans in first phase
TATU CITY, Kenya, March 28, 2024 /PRNewswire/ -- FullCare Medical has launched a new medical garment production facility in Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) in Kenya .
The FullCare Medical facility represents a $30 million investment and employs 1,800 Kenyans in the first phase. In later phases, the company plans to employ up to 7,000 Kenyans.
"Our selection of Kenya and Tatu City SEZ for our investment reflects our belief in the transformative power of collaboration. This state-of-the-art facility, leveraging cutting-edge solar technology for sustainable manufacturing, is set to export $60 million of products annually while meeting the needs of the local market," said Lu Jianguo, founder of FullCare Medical.
"The Tatu City SEZ is attracting record foreign direct investment to Kenya. As Kenya's first mixed-use SEZ, Tatu City has already attracted $2.5 billion in investments from more than 78 companies, many of them world leaders in their fields, from healthcare to food, and beverage production to call centers and software engineering. These investments are creating thousands of much-needed jobs for Kenyans," said Stephen Jennings, Founder and CEO of Rendeavor, owner and Tatu City developer.
Zhang Yijun, Minister Counselor of the Chinese Embassy in Nairobi and Kenyan government officials attended the opening ceremony.
"FullCare Medical symbolizes the friendship between China and Kenya in the shared pursuit of progress," Zhang said.
The International Finance Corporation, the investment arm of the World Bank, provided $100 million in financing to FullCare Medical for its expansion in Africa.
The FullCare Medical center represents one of the largest foreign direct investments in Kenya in recent years, setting the benchmark for dynamic and entrepreneurial Chinese companies in Africa.
More than 78 local, regional and global companies are operational or under development in Tatu City's business-friendly location, including CCI Global, Heineken, Dormans, Copia, Cooper K-Brands, Grit Real Estate Income Group, Twiga Foods, Freight Forwarders Solutions, ADvTECH, Friendship Group and Davis
Business benefits at Tatu City SEZ include zero-rated VAT, stamp and import duty exemptions and a corporate tax of 10% for the first 10 years and 15% for the next 10 years.
About FullCare MedicalFullCare Medical (Kenya) SEZ Limited is a Kenyan company with over two decades of experience in the global production and distribution of high quality, award-winning healthcare and protective equipment. FullCare Medical's modern production facilities in the special economic zone of Tatu City are designed to serve Africa, Europe and the United States and create more than 1,800 jobs in its first phase.
About Tatu CityTatu City is a new 5,000-acre city on the doorstep of Nairobi with homes, schools, businesses, a commercial district, a medical clinic, natural areas and recreation for more than 250,000 residents and tens of thousands of day visitors . Tatu City schools educate thousands of students daily, a variety of homes accommodate all incomes, and more than 75 businesses thrive in the country's first operational Special Economic Zone. Located 30 minutes from Westlands, Tatu City represents a new way of living and thinking for all Kenyans in a live, work and play environment free of traffic congestion and long-distance commuting.
Tatu City is a development by Rendeavour, Africa's largest new city builder, with 30,000 acres of visionary projects on growth trajectories in Ghana, Nigeria, Kenya, Zambia and the Democratic Republic of the Congo.
For more information on Tatu City, visit www.tatucity.com
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