Kenya signs US$100M DP World-GulfCap SEZ deal to boost Mombasa manufacturing
The project is expected to support industrial development and investment in the Coast region.
KENYA – President William Ruto has signed a Ksh12 billion (US$100 million) agreement between GulfCap Group and the global logistics giant DP World, paving the way for a major Special Economic Zone (SEZ) in Jomvu, Mombasa.
The planned 535-acre development in Jomvu will accommodate businesses across manufacturing, logistics, exports and other sectors.
Around 67 companies are expected to establish operations at the SEZ, positioning it as a major industrial and commercial hub on the Coast.
The agreement was signed at State House, Nairobi, on September 8, and the project is expected to support industrial development and investment in the Coast region.
“This project will help transform Kenya from an agricultural economy into a production and export-oriented economy. We must move away from exporting raw and minimally processed commodities,” President Ruto said.
DP World’s Global Footprint and Financial Performance
DP World is a Dubai-headquartered global logistics and supply chain company with operations in 84 countries across every continent. Its business includes ports and terminals, logistics facilities, and free and economic zones, supported by sea, road, air, and digital connectivity.
The company traces its origins to 1972, when it began as a local port operator in Dubai before expanding into an international logistics business. Today, its network includes more than 60 ports and terminals, connecting major trade routes and markets worldwide.
DP World reported revenue of US$12.7 billion in the first half of 2026, a 13.1% increase on the same period in 2025. Adjusted EBITDA also increased by 9.7%.
DP World invested US$1.5 billion across its global operations in the first half of 2026 and expects to invest about US$3 billion for the year.
Special Economic Zone Expertise and Regional Impact
DP World has extensive experience in developing special economic zones (SEZ). A notable example is the Jebel Ali Free Zone (Jafza) in Dubai, established in 1979 alongside Jebel Ali Port.
In Africa, DP World’s operations span Angola, Algeria, Egypt, Mozambique, Rwanda, Senegal, Somaliland, Tanzania and South Africa, alongside its base in the United Arab Emirates and operations in India and Pakistan.
Meanwhile, GulfCap Group is chaired by businessman Suleiman Shahbal, who also serves as a Member of the East African Legislative Assembly (EALA).
This collaborative venture marks a major milestone in strengthening industrial infrastructure and commercial activity along the Kenyan coast.
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