Feroof is one of the leading roof tile manufacturers in South Korea.
The project has been in the pipeline since 2008.
The Nairobi unit will serve the East African market.
The billionaire has developed plots within Nairobi's Westlands and Upper Hill areas.
Hope City will be built in an area of about 1.5 million square meters.
KeNHA will wait for MPs to pass laws that will allow the erection of toll stations.
The High Court has stopped the State from acquiring land from the Nairobi National Park.
Phase one of the project is expected to be completed in one and a half years.
The project began in 2009 following the award of the tender to China Road and Bridge.
The factory has a capacity to manufacture 100,000 doors annually.