AFRICANGLOBE – A coalition of 100 investors announced plans to build a “Chinese-controlled economic zone” populated by skyscrapers and luxury residences. Their new city will be in Kenya, but the goal is to “match the glamour of Dubai.” What would motivate investors to go to the trouble of building a massive new city in a country other than their own? It’s pretty simple, actually. The new economic zone outside of Nairobi would include “at least 20 skyscrapers” and boast “a shopping destination that stocks Chinese and other global products,” according to Construction Weekly. It seems that, as investors ramp up investment in East Africa, they want to build a self-controlled pseudo-urban enclave from which to do so.
Posted on: Sun, 20 Apr 2014 19:53:21 +0000