Ⅰ． Ｂａｃｋｇｒｏｕｎｄ
Located in the East African highlands with a mild climate, Kenya is one of the tourist destinations in Africa. Its capital, Nairobi, is the transportation hub of Central and East Africa and the largest city between Cairo and Johannesburg. It is also home to the African seats of the UN World Food Pro⁃ Rendering of AVIC INTL's Global Trade Center ( GTC) in Kenya gramme ( WFP) , UN Human Settlements Programme ( UN⁃HABITAT) , UN Environment Programme ( UNEP) and other organizations. In recent years, with its ever⁃more favorable business environment and its growing demand for infrastructure, energy, agriculture and many other sectors, Kenya's superior strategic location and promising development prospects have attracted many foreign investors. In response to the "Belt and Road Initiative" ( BRI) and to help Kenya achieve the Vision 2030 objectives, AVIC INTL invested 500 million USD to build GTC in Westlands, the future Central Business District ( CBD) of Nairobi.
Ⅱ． Ｏｖｅｒｖｉｅｗ
Based on comprehensive research and analysis, Zhejiang Chengjian Construction Africa Ltd. started the construction of GTC in 2016. In April 2019, all the buildings were topped out and related works such as mechanical and electrical installations and decoration started. To improve quality and efficiency, the project introduced many technologies that had never been used locally, such as self⁃climbing scaffolding, steel⁃framed wooden formwork, and fixation protection facilities.
With the support of these new technologies, the main structure of GTC has progressed steadily at a rate of about 10 days per floor. Meanwhile, the standardization of construction has ensured assembly line operation and in⁃ dustrial production.
Ⅲ． Ｍｅｔｈｏｄｏｌｏｇｙ
1. A good understanding of local investment policies.
Kenya, as a party of many preferential tariff agreements and investment promotion and protection agreements ( IPPAs) , such as the African Growth and Opportunity Act ( AGOA) , provides preferential tariff treatment for Chinese companies' ex⁃ ports and investment to Kenya. Meanwhile, the Kenyan government has implemented Manufacturing Under Bond Program to attract foreign investment. The exchange rate in Kenya is relatively stable; there are no foreign ex⁃ change controls and foreign companies are free to remit their profits back home. In addition, the country has basically lifted price controls. These policies and favorable conditions provide great convenience for investment in Kenya.
2. Tapping into the strategic advantage.
Kenya is a pivot country for BRI implementation in Africa. With its premium location, Kenya is a gateway and transportation hub of Africa. It boasts ideal natural conditions, rich tourism resources, and well⁃developed supporting facilities such as finance, aviation, and logistics. The GTC project has fully tapped the local competitive resources and integrated them with Chinese capital and technology.
3. A platform to boost sustainable economic development.
The GTC project provides a platform for Kenya to promote modernization. As the tallest and most modern building complex in Kenya so far, it will become a demonstration area for commerce and trade development and economic ex⁃ change and cooperation
4. A good fit for the local economic development model.
The GTC project will facilitate a modern economic model of commerce and trade development and economic exchange and cooperation. It fits into Kenya's mixed economic system with a predominantly private economy and multiple economic forms.
Ⅳ． Ｐｒｏｓｐｅｃｔｓ
Kenya is one of the most internationalized countries with a good economic base in sub⁃Saharan Africa. The success of the GTC project is attributable to the ideal natural conditions and special cultural and historical factors in Kenya. This project can be a reference for Egypt, South Africa and other African countries and regions with good economic base, developed tourism and great participation in the world economy.
Ｓｕｂｍｉｔｔｅｄ ｂｙ ＡＶＩＣ Ｉｎｔｅｒｎａｔｉｏｎａｌ Ｈｏｌｄｉｎｇ Ｃｏｒｐｏｒａｔｉｏｎ
