Kenya Construction and Infrastructure Projects Market Report

Kenya is the seventh-largest economy in Africa, with an estimated GDP of US$113 billion. It is the fourth-largest economy in Sub-Saharan Africa, after South Africa, Nigeria, and Ethiopia. The country is working towards becoming an upper-middle-income economy under its Vision 2030 development program.

President William Ruto’s administration is in charge of delivering the vision’s fourth medium-term plan which covers the 2023-27 period and has been estimated at US$121 billion, including US$58.5 billion to be spent on infrastructure.

Kenya’s infrastructure investment plans span all the core construction sectors, including transport, power, water, health, housing, and tourism.

Key Report Highlights

• Kenya’s development expenditure budget for the 2024/25 financial year amounts to about US$5.5 billion.
• One of the key challenges facing the Ruto administration is addressing Kenya’s chronic shortage of affordable housing, with demand estimated at more than 200,000 units a year. The private sector is being called upon to help deliver the country’s housing programme, and there is an open call for rapid building construction technologies.
• Another priority for the government is attracting investment to grow the tourism, sports, meetings, conferences, and exhibitions (MICE), and medical travel sub-sectors. This is aimed at increasing the tourism industry’s GDP contribution from 14% to 50% over the next decade.
• In the power sector, where demand is growing by 5% each year, Kenya Electricity Generating Company is moving ahead with plans to develop 82.5MW of solar and 100MW of wind capacity, while also expanding its geothermal and hydro resources, investing in battery energy storage, developing a green energy park and exploring hydrogen opportunities.
• It has been estimated that US$7.6 billion of investment is needed in the water and sanitation sector in order to achieve universal access by 2030.
• Kenya National Highways Authority aims to construct 2,349km of roads and develop a 50-year national trunk road master plan by 2027.
• The US$3.6 billion Nairobi-Mombasa Expressway project is one of dozens of PPP projects moving forward in Kenya.

Unique Value offered by the report

• Informed Decision-Making: Gain comprehensive insights into the policies, investments, and opportunities that will shape the future of Kenya's construction market.
• Stay Competitive: Equip yourself with the latest intelligence and strategic guidance to stay ahead of the competition.
• Maximize Your ROI: The insights and data in this report are designed to help you make highly profitable investment decisions.
• Investment Guidance: Identify lucrative investment opportunities and mitigate risks.
• Regulatory Clarity: Navigate the complex regulatory landscape with ease.

Who will benefit from reading the 2024 Kenyan Construction and Infrastructure Market Report?

This report provides optimal value to construction-related stakeholders such as:

• Contractors
• Manufacturers and Suppliers of materials
• Financiers and Banker
• Economists and Investment Analysts
• Policymakers and Government Agencies
• Engineering consultants
• PPP investors
• Academics and Researchers

The Kenya Construction and Infrastructure Market Report 2024 is your go-to guide for navigating the evolving landscape of Kenya’s construction sector. Unlock the potential of this vibrant market and stay ahead with the most reliable and comprehensive analysis available.