It's never too late to start a business in Kenya Construction Sector . Construction is another sector that is undergoing a boom and there is need for foreign know-how and expertise, as well as injection of foreign capital. Among recent or pending projects are: road construction and renovation, development of a rail link to South Sudan,rehabilitation of airports, development of a second port at Lamu, extension of a petroleum pipeline between Kenya and Uganda, and construction of solar and wind energy plants.
Overview on Kenya Construction Sector Business Potentials
Kenya has a well-developed construction industry. Quality engineering, building and architectural design services are readily available.
This industry is currently on an upward trend following rehabilitation and reconstruction of roads and bridges under the El Nino Emergency Funds and Kenya Urban Transport Infrastructure Program.
With increase in population, opportunities exist in the construction of residential, commercial and industrial buildings, including prefabricated low-cost housing.
Extensive opportunities for investment exist particularly in the area of upgrading slums and informal settlements, urban renewal, construction of middle and low income housing, manufacture and supply of building materials and components.
Rural roads, especially feeder roads serving the country’s main agricultural and industrial areas are also being prioritized to create employment and improve Kenyans incomes.
Possibilities also exist through participation in concessioning and dualing of the Mombasa-Malaba-Busia highway on the North Corridor Programme.
Transport linkages are set to be established with our northern neighbours of Sudan and Ethiopia to open up markets for Kenyan goods.
These initiatives provide opportunities for the provision of credit to construction companies.
Some of the recent project opportunities are;
•Development of the rail link to South Sudan
•Rehabilitation of Airports
•Development of a Second Port at Lamu
•Kenya - Uganda & regional pipeline extension (Petroleum)
•Construction of upstream refinery
•Construction or upgrading of storage, distribution, and product handling facilities (Petroleum)
•Solar / wind energy plants
•Urban housing development by private and public sector