President Uhuru Assures Investors Kenya is Safe & Open for Businesses

Speaking during the launching celebrations to mark the Kenya National Day at the Expo 2020 Dubai, the President said his administration has put in place a legal framework for investment that safeguards property rights.

President Uhuru Assures Investors Kenya is Safe & Open for Businesses

The President added that Kenya enjoys political and economic stability, a fully liberalized economy, a large domestic consumer market, a youthful, skilled, and productive labor force as well as a modern infrastructure network.

“These attributes have made Kenya the location of choice for multinational companies and a leading destination for foreign direct investment in the region,” the Head of State said as he kicked off activities to showcase Kenya’s rich cultural and economic diversity at the global exposition.

A total of 192 countries are participating in the six-month world exposition in Dubai, with every country allocated a National Day of Honour.

At the same time, the president reiterated that Kenya is keen to build new trade relationships with the Gulf Cooperation Council states and other countries participating in the expo.

“We seek to harness the opportunities offered by this expo to build new business partnerships, attract new investments and bring tourists to Kenya to enjoy our world-renowned attractions.”

Noting the goals of Kenya’s Vision 2030 which include transforming Kenya into a newly industrializing middle-income country by the year 2030, the President said trade, investment, and strong partnerships with the private sector are key in realizing the vision.

He expressed confidence that as the largest economy and business hub with sufficient capacities in trade facilitation and logistics to service over eleven hinterland countries in the Eastern and Central Africa region, Kenya is in a strong position to expand its trade and economic horizon for the benefit of its people.

“It is against this background and in the spirit of Vision 2030, that we are here, to promote business-to-business partnerships and establish linkages between private and public sector institutions,” President Kenyatta.