Construction Industry in Kenya Poised for Growth

Online, August 16, 2010 (Newswire.com) - Construction Kenya, a premier source for Kenya building and construction information, is predicting the growth rates based on projects to increase during the next decade, fueled by the rise in population and government spending on major infrastructure projects around the country.

"The rapid growth in population has led to a soaring demand for housing and we expect to see the government and private developers working faster to keep up with this demand. This will definitely lead to more growth," says Hellen Ndaiga, the Managing Editor for Construction Kenya.

Ms. Ndaiga says that despite the slowdown in the world economy in 2009, the Kenyan construction sector remained buoyant as reflected in the increased investment in both residential and commercial buildings during the year.

"Interestingly, as China and Japan compete to access to East Africa's growing market, the construction industry is reaping the benefits. In the past few years we have seen billions of dollars in infrastructure development projects being poured into the country, and this trend is bound to continue," says Ms. Ndaiga.

Among major projects currently underway or scheduled to kick off in the near future include construction and rehabilitation of major highways including the multi-billion Thika-Nairobi superhighway, rehabilitation of airports and the construction of Lamu port.