Saudi firm acquires stake in Tatu City’s Jabali Towers project
The investment will be made through Mabani's subsidiary, Swan Properties, which will acquire a 50 percent minus one share stake in the project, while Tatu City's developer, Rendeavour, will retain majority ownership...
✨ Key Highlights
Saudi Arabia’s Mabani Aljazeera Holding Group has acquired a minority stake in the Jabali Towers mixed-use development at Tatu City, signaling growing foreign investment in Kenya's real estate sector.
- Mabani’s subsidiary, Swan Properties, will acquire a 50 percent minus one share stake.
- Key figures involved include Mabani Group Chairman Abdullah AlMalki and Rendeavour Founder and Chief Executive Stephen Jennings.
- Jabali Towers features two towers within Tatu City Special Economic Zone, offering residential, retail, and commercial spaces, with the first tower over 80 percent sold.
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Dangote picks Lamu for Sh2.2tn oil refinery project - July 2026
Africa's richest man, Aliko Dangote, has chosen Lamu County, Kenya, as the site for a proposed Sh2.2 trillion oil refinery, a massive project aimed at significantly boosting East Africa's petroleum processing capacity. Saudi Arabia's Mabani Aljazeera Holding Group has acquired a minority stake in the Jabali Towers mixed-use development at Tatu City, signaling growing foreign investment in Kenya's real estate sector. Separately, Kenya Electricity Transmission Company is reviving private power transmission deals worth up to KSh65 billion just months after the collapse of the controversial Adani deals.
