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Saudi Arabia’s Mabani Aljazeera Group Invests in Tatu City’s Jabali Towers
Investment signals growing Saudi interest in Kenya as Tatu City strengthens its position as a leading destination for foreign direct investment.
Saudi Arabia’s Mabani Aljazeera Holding Group has invested in Jabali Towers, the flagship mixed-use development at Tatu City Special Economic Zone (SEZ). The investment marks one of the largest private Saudi real estate investments in Kenya.
Mabani made the investment through its subsidiary, Swan Properties. The deal highlights growing investor confidence in Kenya and positions Tatu City as a gateway for Saudi investment into East Africa.
Kenya Attracts More Foreign Investment
Speaking during the signing ceremony, Cabinet Secretary for Investment, Trade and Industry Lee Kinyanjui said the deal reinforces Kenya’s appeal as an investment destination.
“This investment sends a strong signal to investors in Saudi Arabia and beyond that Kenya is indeed a destination of choice for investment on the African continent,” he said.
Kinyanjui noted that the project demonstrates how strategic partnerships can address Kenya’s housing needs. He added that such investments create jobs, stimulate economic growth and improve livelihoods.
Swan Properties Acquires Stake
Under the agreement, Swan Properties will acquire a 50% minus one share stake in the Jabali Towers development company. Rendeavour, the owner and developer of Tatu City, will remain the majority shareholder.
Jabali Towers features two residential towers rising 25 and 36 storeys. The project also includes 35 restaurants and retail outlets.
Earlier this week, Tatu City appointed China Road and Bridge Corporation to build the 88,000-square-metre development.
The first residential tower has already sold more than 80% of its units.
“Mabani Aljazeera Holding Group and Swan Properties are delighted to invest in the landmark Jabali Towers development at Tatu City,” said Abdullah AlMalki, Chairman of Mabani Group.
“Our construction expertise, building materials and capital will help make Jabali Towers the leading real estate development in Africa.”
Saudi Arabia’s Mabani Aljazeera Group Invests in Tatu City’s Jabali Towers
Partnership Strengthens Saudi-Kenya Ties
The Saudi Export-Import Bank welcomed the partnership. The bank supports Saudi companies expanding into international markets and promotes the country’s exports.
Rendeavour Founder and CEO Stephen Jennings said the investment reflects confidence in the company’s long-term record across Africa.
“Mabani Aljazeera Holding Group and Swan Properties’ investment in Tatu City and Kenya builds on Rendeavour’s 20-year track record of delivering on its promises in Africa,” Jennings said.
“Every year, Tatu City attracts more than half of Kenya’s foreign direct investment. We are engaging numerous Saudi investors interested in Kenya, and Swan Properties has become the pioneer.”
Jabali Towers Targets Investors and Homeowners
Jabali Towers offers studio, one-bedroom, two-bedroom and three-bedroom apartments starting from KES 10.2 million (USD 78,200).
Residents will benefit from more than 15 years of infrastructure investment at Tatu City. The development offers reliable water, 99.7% power uptime, high-speed fibre internet and more than 70 kilometres of international-standard roads.
The city will also open Wellington College International Kenya in 2028. Later this year, the Tatu Wildlife Sanctuary will welcome visitors as the world’s only urban wildlife sanctuary.
Residents can also enjoy over 100 kilometres of walking and cycling trails, parks, lakes and green spaces.
Tatu City Continues to Grow
Rendeavour developed Tatu City as one of Africa’s fastest-growing mixed-use urban developments.
More than 7,000 people now live in the city. Over 35,000 people enter the city daily to work, study or do business.
The development has attracted investments worth more than USD 3.5 billion. It hosts over 110 businesses, schools serving more than 6,000 students, and over 3,500 homes that residents already occupy or developers continue to build.
The Mabani investment is expected to deepen economic ties between Kenya and Saudi Arabia. It also strengthens Tatu City’s position as a leading destination for international investment in East Africa.
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