- 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
- Tanzania's Dodoma Stadium, the largest stadium in Africa
- Ethiopian investor plans to build a USD 1 billion WA Cement Factory
New Stadiums in Uganda - Kenya, Rwanda follow suite
The Ugandan government’s plan to construct four state-of-the-art stadiums was revealed recently by President Yoweri Museveni after the ground breaking ceremony of the first stadium in Fort Portal town. He said that construction of the stadium is very critical for the growth of the country’s economy and further pointed out that his government will also plan to resolve other infrastructure concerns by investing in other sport facilities.
Cecafa Secretary General, Mr. Nicholas Musonye lauded the plans by the Ugandan government. The other three stadia will be constructed in Bunyoro, Ankole and Kigezi regions. They will constitute of other amenities like hotel and hospital facilities. The whole project will cost an estimated US$ 4m.Other countries that are currently carrying out similar projects include Rwanda, Ethiopia, Kenya and Burundi.
According to analysts the top 10 countries (in terms of the value of their project pipelines) account for 92% of the total value of stadium and arena construction projects in MEA with US $10.7bn. In order of project value, these are: Qatar, the UAE, the Ivory Coast, Cameroon, Iraq, Ethiopia, Kuwait, Algeria, Bahrain and Uganda.
The report provides analysis based on CIC projects showing total project values for the Middle East and Africa market and analysis by stage and funding for the top 10 countries.
Posted on : 28 Feb,2018
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