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Business Bay Square (BBS) owner Abdiweli Hassan has unveiled plans to invest Sh64 billion in a 60-acre mixed-use development within Tatu City Special Economic Zone (SEZ).
The ambitious project will feature residential units, offices, retail spaces, logistics hubs, green parks, and a mosque, forming part of Tatu City’s expanding master-planned community.
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Construction is set to begin within a year, with completion expected over the next 10 years.
“This investment reflects the future of urban living — creating self-contained, well-designed environments where people can live, work, and prosper,” said Hassan, who is also the Founder and Chairman of Business Bay Square.
Hassan is renowned for developing Business Bay Square Mall in Eastleigh, the largest retail and entertainment complex in East and Central Africa, with more than 1,000 shops and restaurants across 130,000 square metres.
His new Tatu City project will dedicate 30 acres to green and recreational spaces, alongside schools, warehousing facilities, and a petrol station within the Tatu Industrial Park.
Rendeavour CEO Stephen Jennings hailed the investment as proof of Tatu City’s growing reputation as a hub for sustainable and well-governed urban development.
“Visionary investors like Abdiweli Hassan are redefining modern living by delivering large-scale, integrated communities,” Jennings said.
To date, Tatu City has attracted over Sh450 billion in investments and hosts more than 75 major firms, including Naivas, Heineken, NCBA, CCI Global, Emirates Logistics, and Dormans.
The SEZ also offers investors attractive incentives, including reduced corporate tax rates — 10 percent for the first decade, 15 percent for the next — plus exemptions on VAT, import duty, and stamp duty.
