Kenya has a rapidly growing population and a significant shortage of housing. There is more than $47 billion of projects under construction that includes four mega real estate developments.
Kenya has Africa’s fifth-largest economy and the second-largest in East Africa. Kenya’s population of 54 million makes it the seventh most populated country on the continent resulting in a Gross Domestic Product (GDP) per capita of more than $1,800 (2019).
There are currently more than $93 billion of active projects in Kenya, of which $47 billion is under construction. Unlike Nigeria, the top 5 projects in Kenya are mega housing developments, with only a single railway project in the top 5.
Developed by the Konza Technopolis Development Authority, the city will cover more than twenty square kilometres and take more than a decade to complete. The largest project in Kenya with an estimated budget of more than $14.5 billion.
Primarily a housing development over an area of 44 square kilometres, this development will deliver a combination of high and low-density housing. Developed by Integer Limited, the project will provide about ten thousand housing units.
Part of the Nairobi to Malaba railway line, the Kisumu section is phase two of the project. China Communications Construction Company is the contractor on this 262-kilometre phase two with an estimated cost of $3.7 billion.
KE International is the contractor on this high-end development with several zoned areas that include a hospital, entertainment and shopping districts. The project is nearing completion and will complete over the next few months.
Developed by Beijing Damei Investment Company and Zuri Group Global, this development includes housing and manufacturing facilities over a five square kilometre site. Construction work only recently started and is scheduled to complete in 2026.
You may also like to read “Top 5 projects in Nigeria“
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