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Kenya’s Construction Industry Outlook

Posted by: Bernard
Category: Best Practices in Construction, Building & Construction

Kenya is regarded as the regional hub for trade and finance in East Africa, and many large corporations have their African headquarters in Nairobi.

Currently, Kenya’s construction industry is going through boom. The government has invested heavily in the construction sector of Kenya in order to improve the infrastructure such as road networks, and at the same time provide new residencies for the locals (who are being supported by the banks to get loan to buy apartments/cars).

According to the Kenya National Bureau of Statistics, the real estate and construction sectors continues to be some of the key drivers of economic growth in Kenya for the last five years. The Kenyan construction industry contributes 7 percent of the gross domestic product (GDP), which makes it clear that Kenya has a well-developed construction industry. With an increase in population, opportunities exist in the construction of residential, commercial and industrial buildings, including prefabricated low-cost housing.

The economic outlook of the country indicates that the construction industry presents one of the key areas that would, and is, attracting investors to the country.

The economic outlook of the country indicates that the construction industry presents one of the key areas that would, and is, attracting investors to the country!

Extensive opportunities for investment exists particularly in the area of upgrading slums and informal settlements, urban renewal, construction of middle and low income housing, and the manufacture and supply of building materials and components.

Author: Bernard

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