International investors 'eyeing up Kenyan technology park opportunities'

22/02/2011 - Kenya property & investment news
International investors 'eyeing up Kenyan technology park opportunities'

A number of major international firms have expressed an interest in winning the contract to construct a major new technology park in Kenya.

Set to be one of the most-important property development projects undertaken in the east African country in recent years, the 'technolopis' will be located just to the south of Nairobi.

Under the plans for the project, the 5,000-acre site will be home to large and innovative ICT firms, with Business Daily Africa now reporting that at least six construction firms, including several from Europe and India, are keen to win the $10 billion contract to build the park.

According to the publication, infrastructure development will begin at the site within the next few weeks, with government officials confident that this will help attract the attention of international investors.

"The official launch should make it possible for the government to actively market the project to potential investors throughout the world," Dr Bitange Ndemo, the permanent secretary for technology was quoted as saying.

At the start of the month, economic observers warmly welcomed the news that Kenya has benefitted from fresh funding from the IMF.

Posted by Bob BrunskillADNFCR-2019-ID-800419961-ADNFCR