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 Special Economic Zone (SEZ).
The project will include residential homes, retail spaces, offices, logistics facilities, parks, and a mosque, spread across Tatu City’s modern, master-planned environment.
Construction is expected to begin within a year, with the full development timeline spanning 10 years.
“This investment represents the future of urban development — moving beyond congested city centres to create holistic, well-planned communities where people can live, work, and thrive,” said Hassan, Founder and Chairman of Business Bay Square.
Hassan’s previous project, Business Bay Square Mall in Eastleigh, is East and Central Africa’s largest shopping and entertainment complex, featuring over 1,000 shops and restaurants across 130,000 square metres.
At Tatu City, his new development will feature 30 acres of green parks and recreation areas, alongside a mix of commercial and residential spaces, including a petrol station, schools, and warehousing facilities at the Tatu Industrial Park.
Rendeavour Founder & CEO Stephen Jennings praised the investment as a testament to the growing appeal of Tatu City as Kenya’s leading destination for sustainable development.
“People today value a higher standard of living in well-governed, holistic communities,” he said.
“It takes visionaries like Abdiweli Hassan to deliver large-scale projects that transform how people live and work.”
Tatu City has so far attracted over Sh450 billion in investments, hosting more than 75 businesses including Naivas, Heineken, NCBA, CCI Global, Emirates Logistics, and Dormans.
The city’s SEZ offers investors key incentives such as a 10 percent corporate tax rate for the first 10 years, 15 percent for the next decade, and exemptions on VAT, import duty, and stamp duty.
