- Project to Build a Dual Carriageway on Kiambu Road in Kenya
- Kasanga port in Tanzania to expand capacity
- The Old Mombasa Road will be upgraded to meet the requirements of the Nairobi Expressway.
- Tanzania would be one of the top economies in 2023
- Project Timeline and Information for the Tanzania Standard Gauge Railway (SGR)
- Tanzania exceeds expectations, according to the global innovation index
- AIIF4 invested USD 34 million and supports Kenyan Road Annuity Programme
- Anchor Developments plans to launch in 2022 or 2023 with an investment of EGP 10 Billion
- FSD Eyeing Ethiopian Investment Opportunities; CEO Demands Peace Agreement to Boost Economic Growth
- Tanzania's Bagamoyo Port will be expanded as part of the largest project in East Africa
Kenya on its way to become the Dubai of Africa
A coalition of foreign investors announced plans to build a “international-controlled economic zone” populated by skyscrapers and luxury residences. The new city will be in Kenya, but the goal is to “match the glamour of Dubai”. What would motivate investors to go to the trouble of building a massive new city in a country other than their own? It’s pretty simple, actually.
The new economic zone outside of Nairobi would include “at least 20 skyscrapers” and boast “a shopping destination that stocks global products,” according to Construction Weekly. It seems that, as investors ramp up investment in East Africa, they want to build a self-controlled pseudo-urban enclave from which to do so.
But according to The Daily Nation, there are already two other tabula rasa city development plans slated for the same area: One, Konza Techno City, is a $US 14.5 billion development aimed at becoming the place where “the African silicon savannah begins.” The other, Machakos City, proposes dozens of skyscrapers and acres of suburban homes. All of them are related to Kenya’s Vision 2030 development plan, but it’s not clear whether they’re supposed to co-exist, or whether they’re in competition.
So why the particular interest in Kenya? Well, after decades of speculation, oil was discovered there only two years ago. There are plenty of unanswered questions about the project - including who will design it, and how - and we’ll know more after the delegations visit Kenya next month. But, for now, that’s a pretty solid hint.
Posted on : 30 Nov,-0001
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