The government is creating a friendly environment that will attract more foreign investments to Kenya.
President William Ruto said the government will also routinely refine its policies to make it more facilitative for businesses to operate in the country.
"We will keep engaging with investors so as to make our laws more pro-business. This will spur their growth," he said.
He spoke on Thursday at State House, Nairobi, during the Kenya-Saudi Arabia business delegation meeting.
The delegation made up of 30 major firms is one of the largest single business groups ever to undertake a visit to Kenya.
Ruto said that Kenya is strategically located, making it easy for businesses to access the lucrative markets in the region and Africa in general.
He said the African Continental Free Trade Area (AfCFTA), of more than 1.4 billion also offers broader opportunities for their goods and services.
The President said Kenya has a democratic system with a sound footing of the rule of law that protects investors.
"This means when you set up in Kenya, markets for your products are limitless. You will get value for your investment," he said.
He cited ICT, leather, transport, renewable energy, housing, blue economy, and agriculture among others, as some of the ripe investments in the country.
Ruto added that the current balance of trade favours Saudi Arabia.
"That is why I encourage you to participate in enabling Kenya to correct this imbalance by locating more industries here."
Cabinet secretaries Moses Kuria (Minister for Investments, Trade, and Industry), Davies Chirchir (Energy), and Florence Bore (Labour) among other officials were in the meeting.
