The Special Sustainable Economic Zones partnership aims to transform special economic zones into hubs for low-carbon, sustainable and inclusive, business and community growth. The partnership has the potential to reimagine green industrialization and make countries like Kenya hubs in this transitioning industry.
P4G has invested a combined total of US $1,200,000 in this partnership through scale-up funding in 2018 and 2019. In two years, SSEZ has arranged an investment commitment of $70 million for its zone in Nigeria and will soon achieve institutional investors’ commitments to invest in a zones in Kenya.
P4G’s engaged with investors and multilateral players to advance these zone closures and also worked with stakeholders like the Global Green Growth Institute and United Nation Industrial Development Organization to contribute to SSEZ’s knowledge product that will mainstream the approach to these sustainable investment clusters. P4G mobilized its ecosystem of country partners through National Platforms in Kenya and the Netherlands, as these zones aligned with country priorities of developing sustainable industrial hubs rooted in circular economy.
P4G is now working with the partnership and multilateral players to structure and launch the project development fund that will help replicate and scale the development of sustainable industrial clusters/zones across Africa and Asia. This model has the potential to scale up to 50 zones by 2030 delivering jobs and sustainable growth for people and industries like agriculture and food production, textiles and healthcare.
Savo Project Developers,