Saudi Mabani Aljazeera Group Makes Major Investment in Jabali Towers Project in Tatu City

Saudi Mabani Aljazeera Group Invests in Jabali Towers Project

Mabani Aljazeera Holding Group, a prominent private construction and investment firm from Saudi Arabia, has declared its investment in the prestigious Jabali Towers project located within Tatu City's Special Economic Zone (SEZ) in Kenya. This investment marks a significant development in the East African region, emphasizing the attraction of direct foreign investments in Kenya.

The agreement for investment was signed in a ceremony attended by notable figures, including John Mwendwa, CEO of InvestKenya, and Stephen Jennings, the Founder and CEO of Rendeavour, the entity behind Tatu City. Through its subsidiary, Swan Properties, Mabani will acquire a substantial stake—50% minus one share—in the mixed-use development of Jabali Towers, with Rendeavour retaining majority ownership.

The Jabali Towers complex will feature two impressive towers standing at 25 and 36 stories, offering exclusive amenities to residents and housing 35 restaurants and retail shops open to the public. The initial tower has already sold over 80% of its units, showcasing the strong market interest. Earlier this week, Tatu City announced the China Road and Bridge Corporation as the main contractor for this 88,000 square meter endeavor.

Abdullah AlMalki, Chairman of Mabani Aljazeera Holdings Group, expressed enthusiasm about this investment, stating, "We are delighted to invest in the iconic Jabali Towers project located in Tatu City. With our combined expertise, construction materials, and capital, Jabali Towers is set to become a landmark development in Africa."

The formation of this joint venture is endorsed by the Saudi Export-Import Bank, which aims to promote the development and diversification of Saudi exports, enhancing their competitive edge in global markets. Stephen Jennings elaborated that, "The entry of Mabani Aljazeera into Tatu City aligns with Rendeavour's two decades of experience in keeping promises across Africa."

Tatu City itself attracts over half of all foreign direct investments entering Kenya each year. This consistent interest reflects the growing synergy between the Saudi investor community and Kenyan opportunities. The Jabali Towers project offers residential options including studios and one to three-bedroom apartments priced starting from 10.2 million KES (approximately 78,200 USD), making it an attractive option for both individuals and investors aiming to secure housing in Kenya's pivotal mixed-use Special Economic Zone.

Significant infrastructural investments have been made in Tatu City over the past 15 years, including round-the-clock access to clean drinking water, a 99.7% electricity availability rate, high-speed fiber optic internet, and an extensive network of roads spanning over 70 kilometers, all designed to meet international standards. Such infrastructure reinforces Tatu City’s position as a modern global city.

The long-term appeal of Jabali Towers is further enhanced by Tatu City’s unique “live, work, play” ecosystem. Upcoming facilities like the Wellington College International, set to open in 2028, will augment its attractiveness to Kenyan families, expatriates, and professionals seeking quality international education within a well-designed and secure urban environment.

Additionally, residents of Tatu City will benefit from over 100 kilometers of walking and cycling trails, parks, lakes, and green spaces. The unique Tatu urban nature reserve is expected to open by the end of 2026, realizing the vision of integrating nature into modern urban life.

Developed by Rendeavour, Tatu City is emerging as the fastest-growing urban destination on the African continent, already home to over 7,000 residents. With its population expanding by over 40% annually, Tatu City hosts over 35,000 people daily who live, work, study, and relax within its integrated ecosystem. With a total project valuation exceeding $3.5 billion, Tatu City currently accommodates more than 110 businesses and educational institutions serving over 6,000 students, alongside 3,500 mixed-income homes either occupied or under construction.

In summary, the investment by Mabani Aljazeera and Swan Properties not only signifies a hallmark achievement for Tatu City but also amplifies the continuous growth of East Africa’s real estate landscape, heralding a bright future for the region.