Saudi Arabia's Mabani Aljazeera Invests in Tatu City's Jabali Towers Project
In a landmark move for East Africa’s real estate sector, Mabani Aljazeera Holding Group, a prominent private construction and investment entity from Saudi Arabia, has made a significant financial commitment to the Jabali Towers project in Tatu City, Kenya. This initiative underscores the tremendous potential that Tatu City Special Economic Zone (SEZ) holds in attracting foreign investments, positioning itself as a premier destination for investors.
The announcement was made on July 3, 2026, when Mabani, through its subsidiary Swan Properties, confirmed its acquisition of a 50% minus one share stake in the Jabali Towers. This collaboration marks a pivotal moment, not only for the megaproject itself but also for the broader economic landscape of Kenya, as it showcases confidence from international investors in the country's growth.
Jim Mwendwa, CEO of InvestKenya, Abdullah AlMalki, Chairman of Mabani, and Stephen Jennings, the Founder of Rendeavour (the developer behind Tatu City), attended the agreement signing ceremony, highlighting the cooperative spirit amongst stakeholders eager to develop the region's infrastructure. Jabali Towers comprises 25 and 36-story buildings that will provide luxurious amenities and a vibrant mix of public restaurants and shops, with over 80% of the first tower already sold.
Abdullah AlMalki expressed enthusiasm about the investment, emphasizing that their collective expertise in construction, along with high-quality materials and substantial capital, would make Jabali Towers the standout real estate venture in Africa. The entire development will encompass an area of 88,000 square meters and is set to bring in significant economic activity for the region, following the appointment of China Road and Bridge Corporation as the main contractor.
The project reflects Tatu City's strategic goal to create a modern urban environment supported by robust infrastructure. Residents will benefit from high-speed fibre internet connectivity, reliable power supply, and a stable water source. These facilities indicate Tatu City’s commitment to establishing quality living standards reminiscent of global cities.
Additionally, Jabali Towers offers diverse residential options, including studio apartments, one, two, and three-bedroom homes, starting at KES 10.2 million (approximately USD 78,200). This price point makes it an attractive prospect for local homeowners and international investors alike.
Tatu City's growth story doesn't stop here. With the introduction of Wellington College International Kenya, set to establish its campus in 2028, the region aims to cater to families and professionals seeking high-caliber educational facilities within a secure environment. The area's live-work-play model promotes a balanced lifestyle replete with parks, lakes, walking trails, and the nearby Tatu Wildlife Sanctuary, slated to open soon.
With over 110 businesses operating in Tatu City and educational institutions serving more than 6,000 students, the development is on track to support a growing population of over 7,000 residents who enjoy an average annual growth rate exceeding 40%. The ongoing investments are expected to continue fueling this trend, making Tatu City a beacon of modern urban planning.
In light of all these developments, the partnership between Mabani Aljazeera and Tatu City not only signals a new chapter for real estate in Kenya but also emphasizes the important role of international collaboration in fostering economic growth and diversification. As Tatu City continues to thrive as one of Africa’s new urban environments, this investment is a strong indication of more promising ventures to follow, aiming at elevating the region's global stature in business and investment.
The announcement was made on July 3, 2026, when Mabani, through its subsidiary Swan Properties, confirmed its acquisition of a 50% minus one share stake in the Jabali Towers. This collaboration marks a pivotal moment, not only for the megaproject itself but also for the broader economic landscape of Kenya, as it showcases confidence from international investors in the country's growth.
Jim Mwendwa, CEO of InvestKenya, Abdullah AlMalki, Chairman of Mabani, and Stephen Jennings, the Founder of Rendeavour (the developer behind Tatu City), attended the agreement signing ceremony, highlighting the cooperative spirit amongst stakeholders eager to develop the region's infrastructure. Jabali Towers comprises 25 and 36-story buildings that will provide luxurious amenities and a vibrant mix of public restaurants and shops, with over 80% of the first tower already sold.
Abdullah AlMalki expressed enthusiasm about the investment, emphasizing that their collective expertise in construction, along with high-quality materials and substantial capital, would make Jabali Towers the standout real estate venture in Africa. The entire development will encompass an area of 88,000 square meters and is set to bring in significant economic activity for the region, following the appointment of China Road and Bridge Corporation as the main contractor.
The project reflects Tatu City's strategic goal to create a modern urban environment supported by robust infrastructure. Residents will benefit from high-speed fibre internet connectivity, reliable power supply, and a stable water source. These facilities indicate Tatu City’s commitment to establishing quality living standards reminiscent of global cities.
Additionally, Jabali Towers offers diverse residential options, including studio apartments, one, two, and three-bedroom homes, starting at KES 10.2 million (approximately USD 78,200). This price point makes it an attractive prospect for local homeowners and international investors alike.
Tatu City's growth story doesn't stop here. With the introduction of Wellington College International Kenya, set to establish its campus in 2028, the region aims to cater to families and professionals seeking high-caliber educational facilities within a secure environment. The area's live-work-play model promotes a balanced lifestyle replete with parks, lakes, walking trails, and the nearby Tatu Wildlife Sanctuary, slated to open soon.
With over 110 businesses operating in Tatu City and educational institutions serving more than 6,000 students, the development is on track to support a growing population of over 7,000 residents who enjoy an average annual growth rate exceeding 40%. The ongoing investments are expected to continue fueling this trend, making Tatu City a beacon of modern urban planning.
In light of all these developments, the partnership between Mabani Aljazeera and Tatu City not only signals a new chapter for real estate in Kenya but also emphasizes the important role of international collaboration in fostering economic growth and diversification. As Tatu City continues to thrive as one of Africa’s new urban environments, this investment is a strong indication of more promising ventures to follow, aiming at elevating the region's global stature in business and investment.
Topics General Business）
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