Nairobi, Aug. 4 -- Dubai-headquartered ports and logistics firm DP World has inked a deal to develop an industrial park on the Kenyan coast, signalling plans to diversify into light manufacturing, warehousing and regional supply chains.

The global ports and logistics giant has agreed with GulfCap Africa, an investment and development firm owned by Kenyan businessman and politician Suleiman Shahbal, to develop Mombasa Industrial Park on a 222-hectare Special Economic Zone.

The industrial infrastructure development, to be located less than 20 kilometres from the Port of Mombasa, will be implemented in phases, with the first 40 hectares earmarked for initial construction.

The company did not disclose the value of the investment or provide...