President Uhuru Kenyatta on July 25th led in the launch of Bidco Industrial Park in Ruiru, Kiambu County. He described the project as part of ongoing government efforts to expand the manufacturing sector.
Speaking at the event, he said the government is rolling out a 30% electricity cost reduction plan to be implemented through a rebate system.
The manufacturing sector, a crucial component of the Big 4 Agenda, holds the key to the creation of jobs for the youth. The new factory is expected to create over 6,000 jobs throughout the Bidco line of business with 1000 jobs being direct opportunities at the facility.
The total investment committed to develop the site fully is estimated at $300 million (Ksh30 billion) out of which $100 million (Ksh10 billion) has already been spent.
