South Korea agreed to finance three additional projects at the Konza Technopolis Special Economic Zone (SEZ) under the Economic Innovation Partnership Program (EIPP).
The funding will go into smart farms, establishing an incubation complex, and renewable energy strategies.
This is the third EIPP project after successfully implementing the first and second programs.
The first project was completed in the fiscal year 2022–2022, and it comprised the creation of the Transportation Network and Smart Mobility Basic Plan, the Konza Technopolis Smart City Masterplan, and an integrated control center.
Four additional projects were later chosen to be implemented as part of the EIPP project's second year.
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Korea Ambassador to Kenya Nam Sang Kyoo said the chosen projects are those that, as catalysts for realizing the Konza dream, support the year one projects entirely.
“These projects we are supporting are meant to support Kenya leap forward in terms of smart technology by having a smart city, Konza Technopolis adopt smart and modern technology,” he said.
“The successful implementation of the first and second program projects has given us the impetus to undertake this third phase to ensure we conclusively deliver on our commitment,” Park Chul Ho, the Director General of the Development Cooperation Office (KOTRA), said.
EIPP is a new and extended cooperation model of Korea's Knowledge Sharing Program (KSP) to foster mutually beneficial relationships between South Korea and partner countries.
The program provides a comprehensive development consultation, including pre-feasibility and full feasibility studies, mainly for infrastructure and urban development-related projects to support the partner countries’ economic development.
