FullCare Medical has launched a new medical garment production facility in Tatu City, Kenya, a mixed-use Special Economic Zone (SEZ). Representing an investment of $30 million, the facility will initially employ 1800 people and ultimately expand to 7000 workers.
"Our selection of Kenya and Tatu City SEZ for our investment reflects our belief in the transformative power of collaboration. This state-of-the-art facility, leveraging cutting-edge solar technology for sustainable manufacturing, is poised to export USD 60 million of medical goods annually while catering to the local market's needs," says Lu Jianguo, Founder of FullCare Medical.
"Tatu City SEZ is attracting record foreign direct investment to Kenya. As Kenya's first mixed-used SEZ, Tatu City has already attracted USD 2.5 billion in investment from more than 78 businesses — many of them global leaders in their fields, from healthcare and food and beverage production to call centres and software engineering. These investments are creating many thousands of much-needed jobs for Kenyans," said Stephen Jennings, Founder and CEO of Rendeavour, the owner and developer of Tatu City.
The International Finance Corporation, the investment arm of the World Bank, provided $100 million in financing to FullCare Medical for its Africa expansion.
The FullCare Medical facility represents one of the most significant foreign direct investments in Kenya in recent years, setting the benchmark for dynamic and entrepreneurial Chinese companies in Africa.
Zhang Yijun, Minister Counsellor at the Chinese Embassy in Nairobi, and Kenyan government officials attended the opening ceremony.
"FullCare Medical symbolises the friendship between China and Kenya in the shared pursuit of progress," he says