- KeNHA Unveils Strategic Sh394 Billion Plan to Construct Major Highways in Kenya
- Ruto’s Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya
- Tanzania's Modern Industrial Park Project on Course with 3.5 Trillion Investment
- African Development Bank Greenlights $696.41 Million for Phase 2 of Tanzania-Burundi-DRC SGR
- Biggest construction trade exhibition announced in Nairobi at KICC
- President Ruto's Vision of Affordable Housing Projects Taking Shape in Kenya
- Ethiopia Receives $720 Million in Funding for Road Construction Project
- $3.24 Billion to be Invested in Tanzania SGR Construction by Spain
- Ksh700 Billion to be Invested to Complete Pending Kenyan Road Projects
- $13.8 Billion Kenya-Ethiopia Railway Construction Plans Resume
New Stadiums in Uganda - Kenya, Rwanda follow suite
The Ugandan government’s plan to construct four state-of-the-art stadiums was revealed recently by President Yoweri Museveni after the ground breaking ceremony of the first stadium in Fort Portal town. He said that construction of the stadium is very critical for the growth of the country’s economy and further pointed out that his government will also plan to resolve other infrastructure concerns by investing in other sport facilities.
Cecafa Secretary General, Mr. Nicholas Musonye lauded the plans by the Ugandan government. The other three stadia will be constructed in Bunyoro, Ankole and Kigezi regions. They will constitute of other amenities like hotel and hospital facilities. The whole project will cost an estimated US$ 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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