FullCare (Kenya) Medical SEZ Limited, a renowned manufacturer of medical care and protective equipment, has unveiled its ambitious plans to establish a cutting-edge production facility at Tatu City, Kenya's premier operational Special Economic Zone (SEZ).
With an investment exceeding USD 100 million, FullCare aims to cater to clients across the United States, Europe, and Africa.
Wu Jianfei, the Managing Director of Singapore-based FullCare, expressed his satisfaction with the company's decision to set up its first production facility on the African continent, citing Kenya as an ideal base for international investment by Asian companies.
"For more than two decades, we have pioneered production in Asia of the highest quality medical protection materials for human healthcare management," Jianfei said.
The initial phase of FullCare's facility at Tatu City SEZ will generate 1,000 job opportunities and serve customers in over 70 countries.
The company already collaborates with renowned distributors of medical supplies. The completion of the production facility is expected by the end of 2023.
In response to FullCare's decision, David Karimi, Deputy Country Head of Rendeavour, the owner and developer of Tatu City, expressed his delight, emphasizing the significant contribution that FullCare will make in the supply of high-quality medical materials to Africa and the rest of the world.
“We are delighted to welcome FullCare, a major player in healthcare equipment production, to Tatu City Special Economic Zone,” Karimi said.
“From its base in Tatu City, FullCare will make a significant contribution to the supply of high-quality medical materials to Africa and the rest of the world.”
Tatu City SEZ is currently home to over 75 operational or under-development companies, fostering a business-friendly environment.
Notable companies present in the zone include Kenya Wine Agencies Limited, Dormans, Copia, Cooper K-Brands, Grit Real Estate Income Group, Twiga Foods, CCI Global, Freight Forwarders Solutions, Friendship Group, and Davis & Shirtliff.
Additionally, more than 3,000 homes and apartments are either occupied or under construction at Unity Homes and the Kijani Ridge neighbourhood.
Tatu City, a flagship Vision 2030 private sector development, holds the distinction of being a Special Planning Area designated as a Project of Strategic National Importance in accordance with The Physical and Land Use Planning (Classification of Strategic and Inter-County Projects) Regulations, 2019.
Businesses operating within Tatu City SEZ can benefit from various incentives, including VAT zero-rating, import and stamp duty exemptions, and a 10 per cent corporate tax rate for the first 10 years, followed by 15 per cent for the subsequent 10 years.
FullCare's investment in Tatu City represents a significant milestone for Kenya's healthcare equipment production sector and reinforces the country's position as an attractive destination for international investments.
The establishment of this state-of-the-art facility not only boosts job creation but also strengthens Kenya's capabilities in providing top-notch medical materials to both the domestic and global markets.