Report description

Kenya is the seventh-largest economy in Africa, with an estimated GDP of US$113 billion. It is the fourth-largest economy in Sub-Saharan Africa, after South Africa, Nigeria, and Ethiopia. The country is working towards becoming an upper-middle-income economy under its Vision 2030 development program.

President William Ruto’s administration is in charge of delivering the vision’s fourth medium-term plan while also attempting to execute a post-pandemic Bottom-Up Economic Transformation Agenda which covers the 2023-27 period and has been estimated at US$121 billion, including US$58.5 billion to be spent on infrastructure.

Kenya’s infrastructure investment plans span all the core construction sectors, including transport, power, water, health, housing, and tourism.

Key Report Highlights

  • Kenya’s draft development expenditure budget for the 2024/25 financial year amounts to about US$6.7 billion.
  • The construction sector will continue to be driven mainly by public sector development initiatives in the housing sector, education, and civil works. Private sector activities would augment this growth through real estate, industrial, and commercial development.
  • A top priority for the government is attracting investment to grow the tourism and sports, housing, transportation meetings, conferences, and exhibitions (MICE), and medical travel sub-sectors. This is aimed at increasing the tourism industry’s GDP contribution from 14% to 50% over the next decade.
  • Kenya National Highways Authority, meanwhile, aims to construct 2,349km of roads and develop a 50-year national trunk road masterplan by 2027.
  • The US$3.6 billion Nairobi-Mombasa Expressway project has recently been approved for development as a PPP.

Unique Value offered by the report

  • Informed Decision-Making: Gain comprehensive insights into the policies, investments, and opportunities that will shape the future of Kenya’s construction market.
  • Stay Competitive: Equip yourself with the latest intelligence and strategic guidance to stay ahead of the competition.
  • Maximize Your ROI: The insights and data in this report are designed to help you make highly profitable investment decisions.
  • Investment Guidance: Identify lucrative investment opportunities and mitigate risks.
  • Regulatory Clarity: Navigate the complex regulatory landscape with ease.
  • Exclusive Offer: Enjoy a 20% early bird discount and two months of free access to the Project Pipeline Portal – a premier platform that tracks construction and infrastructure opportunities across Sub-Saharan Africa, identifies key companies, and provides direct contact details for project managers. This is a limited-time offer

Who will benefit from reading the 2024 Kenyan Construction and Infrastructure Market Report?

This report provides optimal value to construction-related stakeholders such as:

  • Contractors
  • Manufacturers and Suppliers of materials
  • Financiers and Banker
  • Economists and Investment Analyst
  • Policy makers and Government Agencies
  • Engineering consultants
  • PPP investors
  • Academics and Researchers

ConstructAfrica’s Kenya Construction and Infrastructure Market Report 2024 is your go-to guide for navigating the evolving landscape of Kenya’s construction sector. Unlock the potential of this vibrant market and stay ahead with the most reliable and comprehensive analysis available.

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