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SGR TO TRANSFORM NAROK INVESTMENT COMPETITIVE EDGE

Posted by Nulands on 10/01/2017
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Development economists worldwide emphasize that physical infrastructure is essential for industrialization and economic development. Transport, in particular, has played a pivotal role in shaping human civilization, with cities and towns emerging along transport corridors, both at sea and on land. One of the most significant recent developments in Kenya’s transport landscape is the construction of the Standard Gauge Railway (SGR), specifically its Phase Two, which is set to pass through Narok County. This railway is poised to transform the economic fortunes of Narok and Kisumu Counties, catalyzing investment and development in a region that is ripe with opportunities.

The Importance of Infrastructure Investment

A wealth of evidence points to a positive correlation between infrastructure investment and economic growth. Infrastructure projects create jobs, facilitate trade, and enhance the overall quality of life in communities. In Narok County, the anticipated benefits of the SGR cannot be overstated. Historically, Narok has been a critical hub for economic activity and tourism in the South Rift region, but its full potential has often been stymied by inadequate transport infrastructure.

An Investor’s Paradise

Narok County stands at the cusp of a significant transformation. As a strategic economic and tourism nerve center, the region offers vast untapped potential in key sectors such as agriculture (value addition), energy, and tourism. The SGR will serve as a catalyst for investment, particularly in these sectors, by improving connectivity and accessibility to markets.

Agriculture: A Sector Ready for Growth

Narok County’s agricultural sector is poised for significant growth, especially in value addition. The SGR will allow local farmers to access markets more efficiently, enabling them to sell their produce at better prices and reduce reliance on exploitative middlemen. For instance, wheat farmers in Narok South, potato farmers in Nairege Enkare, and those in the Mau region will benefit immensely from reduced transportation costs and improved access to Nairobi and Mombasa.

Energy: The Future of Industrialization

To complement the SGR, the Narok County government is working on creating industrial parks in areas such as Suswa. The Geothermal Development Company (GDC) is expected to develop geothermal fields in Suswa, providing affordable power to industries and manufacturers. This shift will significantly reduce energy costs, making Narok County an attractive destination for investors.

Tourism: An Untapped Goldmine

Tourism in Narok County is another sector that stands to gain significantly from the SGR. With easier access to the Maasai Mara Game Reserve, tourists can spend less time traveling and more time enjoying the rich wildlife and scenic beauty of the region. Narok is home to various attractions, including Lake Naivasha, Hell’s Gate, and the Aberdare Hills, all of which will become more accessible, enhancing the overall tourism experience.

Overcoming Skepticism

Despite the clear benefits, skeptics have raised concerns about the economic viability of the multi-billion-dollar infrastructure project. As a resident of Narok, I firmly believe in the potential of the SGR to change the economic landscape of the county. The railway will not only improve access for farmers and livestock herders but also significantly reduce travel time and costs for passengers and freight transported from the Mombasa port.

A New Commute

The SGR will revolutionize travel in the region, making it possible to commute from Nairobi to Narok in approximately 40 minutes. This new accessibility means that urban dwellers can work in Nairobi and return home in time for dinner, making the allure of rural living more attainable. This potential population influx will necessitate further investment in housing and social amenities, further bolstering Narok’s economic prospects.

Employment and Skill Development

The SGR is also expected to generate employment opportunities for the youth in Narok. Strategic partnerships with higher educational institutions, such as Maasai Mara University, will foster the development of a skilled workforce capable of taking on future infrastructure projects. By training local talent, Narok can reduce its reliance on foreign labor, thereby keeping economic benefits within the community.

Creating Industrial Parks: A Vision for Growth

To further enhance the economic environment, the Narok County government is focused on developing industrial parks in strategic locations like Suswa. The establishment of these parks will facilitate the growth of various industries, ranging from manufacturing to agro-processing. Investors will be attracted to the region due to its favorable conditions, including ample land availability, affordable energy, and efficient transportation networks.

Infrastructure Development and Competitiveness

The SGR will not only enhance local transport but also improve Narok’s competitiveness in national and regional markets. By reducing transportation costs, the railway will enable local businesses to thrive, ensuring that they can compete effectively against larger players in the market. This infrastructure will facilitate trade with neighboring countries, including Uganda, Rwanda, and Burundi, thereby expanding the market reach for local products.

Globalization and the Need for Competitive Edge

In an increasingly globalized economy, businesses are compelled to improve efficiency and reduce production costs. Narok County’s strategic position, coupled with the SGR, provides a unique opportunity for businesses to capitalize on lower transport and energy costs. With the right investments and infrastructure in place, Narok can emerge as a premier destination for investors looking to tap into the burgeoning East African market.

A Bright Future for Narok County

The anticipated changes brought by the SGR signify a bright future for Narok County. With enhanced infrastructure, local farmers can expect better returns on their investments, while businesses will benefit from reduced operational costs. Furthermore, the increased accessibility will make Narok an attractive destination for tourists, leading to a boom in the hospitality sector.

The Role of Nulands Properties in Narok County

As Narok County develops, real estate opportunities are likely to surge. Nulands Properties is at the forefront of this emerging market, offering a range of investment opportunities that cater to the growing demand for residential, commercial, and industrial properties. With the SGR improving accessibility and enhancing the county’s economic profile, Nulands Properties is well-positioned to meet the needs of both local and international investors looking to capitalize on Narok’s potential.

The transformative power of infrastructure cannot be overstated. The Standard Gauge Railway, alongside other infrastructure initiatives, holds the key to unlocking Narok County’s vast economic potential. By enhancing connectivity, fostering investment, and supporting sustainable development, the SGR will enable Narok to thrive as an economic powerhouse in the region. The time to invest in Narok is now, as opportunities abound for those willing to embrace the changes that are on the horizon.