NAIROBI (Xinhua) --
Chinese investors have taken key shareholding in
a major regional shopping and urban development project launched
in Nairobi Friday, aiming to tap into Nairobi’s growing
international status as an aviation hub and a center for
The Two Rivers Investment
Project, which consists of five star hotels, office blocks,
residential homes and shops occupied by major retail
enterprises, was launched at a ceremony attended by Kenyan
President Uhuru Kenyatta, Chinese Ambassador to Kenya Liu Xianfa
"The construction of this shopping mall is a sign of Kenyan
companies steadily spending despite the sluggish economic growth
around the globe.
"The joint effort of the Kenyan and Chinese investors saw us
reach this tangible achievement within a short time," Liu said
at the launch.
"I am proud of the Chinese side for their contribution to
"It is a sign of the remarkable cooperation between China and
Kenya in the various fields, including financial services,
people-to-people exchanges, media and education and the
development of think-tanks," Liu said.
President Kenyatta termed the new shopping complex an "iconic
development" which showcases the potential that exists between
local and international investors.
"It is a wonderful development we have here," Kenyatta
The Two Rivers Investment is undertaken by listed Kenyan
company, Centum Group; China National Aero-Technology
International Engineering Corporation and Jiangxi Water and
Hydropower Construction Co. ltd (JWHC) have jointly invested
38.89 percent stake.
Upon completion, the investment would cost 800 million U.S.
dollars, covering 400,000 square metres of land, covered with
retail shops and with a capacity of 50,000 shoppers.
"For the first time, Chinese investors are investing
"This is the biggest investment project for Chinese companies
in Kenya’s commercial and urban development," Liu said.
Meanwhile, Nairobi County Governor Evans Kidero said the
launch of Two Rivers Mall, a combined urban development project,
was part of the city’s master-plan to establish urban satellite
"It is one of the largest shopping complexes out of the 27
malls we have in this city. Nairobi has become the international
mall destination," Kidero said.