Business Bay Square owner to invest Sh64bn in Tatu City mega project
NAIROBI, Kenya, Oct 10 - Business Bay Square (BBS) owner Abdiweli Hassan is set to invest Sh64 billion in a 60-acre mixed-use development at Tatu City Kenya breaking news | Kenya news today |..
✨ Key Highlights
Business Bay Square owner Abdiweli Hassan is committing Sh64 billion to a 60-acre mixed-use development within Tatu City Special Economic Zone (SEZ). This major investment will feature residential, retail, office, and logistics spaces, creating a holistic community over a 10-year timeline.
- Total investment: Sh64 billion
- Key developer: Abdiweli Hassan, Founder and Chairman of Business Bay Square
- Project scope: 60-acre mixed-use development in Tatu City (SEZ), including residences, retail, offices, logistics, parks (30 acres), and a mosque.
- Previous successful project: Business Bay Square Mall in Eastleigh, East and Central Africa's largest shopping complex with over 1,000 shops.
- Tatu City (SEZ) incentives: 10 percent corporate tax for the first 10 years, increasing to 15 percent for the next decade, plus exemptions on VAT, import duty, and stamp duty.
- Total investments attracted by Tatu City to date: Over Sh450 billion from more than 75 businesses.
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Kenya Secures Major Investments for Tatu City, Maseno University, and Athi River - October 2025
Business Bay Square owner Abdiweli Hassan is committing Sh64 billion to a 60-acre mixed-use development within the Tatu City Special Economic Zone (SEZ). This major investment will feature residential, retail, office, and logistics spaces over a 10-year timeline. In a separate initiative, the M-Pesa Foundation is investing Sh120 million to construct an innovation hub at Maseno University, designed to boost digital learning for its 27,000 students. Additionally, Chinese electric vehicle manufacturer MojaEV plans to establish an EV assembly and manufacturing plant in Athi River. The MojaEV plant is set to significantly boost Kenya’s e-mobility sector, with construction scheduled to commence in early 2026.
