- Kenya Breaks Ground on Sh5 Billion China-Kenya International Commerce Center in Nairobi
- Construction Begins on $2.15 Billion Uvinza–Musongati Railway Project
- Kenya Secures Chinese Funding for Sh5 Billion Nithi Bridge Reconstruction
- Construction Nears for ELCT Facility Backed by Samia’s 250 Million Boost
- KeNHA Kicks Off Construction of Major Kenya-South Sudan Road Project with AfDB Support
- Tanzania Government Allocates 100 Billion Shillings for Bridge Constructions in Lindi
- $46 Million Deal Signed for Crucial Isiolo-Mandera Road Construction Project
- Tanzania Government Set to Sign Agreement for Dodoma Stadium Construction
- Kenya Gears Up for AFCON 2027 with Major Stadium Upgrades and New Constructions
- AfDB Leads $1.2 Billion Financing Syndication for Tanzania’s SGR
New Stadiums in Uganda - Kenya, Rwanda follow suite
The Ugandan government’s plan to construct four state-of-the-art stadiums was revealed recently by President Yoweri Museveni after the ground breaking ceremony of the first stadium in Fort Portal town. He said that construction of the stadium is very critical for the growth of the country’s economy and further pointed out that his government will also plan to resolve other infrastructure concerns by investing in other sport facilities.
Cecafa Secretary General, Mr. Nicholas Musonye lauded the plans by the Ugandan government. The other three stadia will be constructed in Bunyoro, Ankole and Kigezi regions. They will constitute of other amenities like hotel and hospital facilities. The whole project will cost an estimated US$ 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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