Konza City pursues local investors amid growing interests


Investors have taken up 72% of land available for Konza City development under phase one according to Chief Executive Officer John Tanui.

Tanui has said 106 out of 147 parcels of land demarcated for uptake by investors have already been allocate in phase one which comprises 1,703 acres of land including wildlife and nature parks.

This comes as Konza Technopolis Development Authpority (KoTDA) expects development of horizontal infrastructure to be completed by the end of this year.

Dubbed the Silicon Savannah, Konza Technopolis is designed to include a science park, a convention centre, shopping malls, hotels, international schools, and a health facility.

The completion of the works, which entail the construction of streetscapes and drainage works, paves way for the vertical construction works will be undertaken by the private sectors.

According Tanui, the Authority is now focusing on completing the horizontal infrastructure which also entails servicing the parcel of land with key amenities.

“For the horizontal infrastructure, we expect within this year to move and reach over 95% with the remaining scope of work being the development of verticals among them a police command center, fire station, welcome center, safety shelter for screening vehicles and power distribution station as well as Konza furnished apartments. In 2021, we recorded over 70% completion and our focus is to complete this as we accelerate investor’s uptake,” said Tanui.

Tanui who was speaking to the Mombasa Business Community in Mombasa County said the government has provided incentives in Konza Technopolis to attract all manner of investment in the techno city.

The KoTDA chief executive said that the government has provided land, clean water and high voltage power connection to the city as incentives to attract investors and demonstrate commitment to the development of Konza Technopolis.

Phase one of the Konza City project is designed as a mixed-use community, comprising commercial, residential, public, and hospitality amenities. Upon completion, Phase one is expected to attract 30,000 residents, 7,500 knowledge workers and 16,700 other workers.

As part of its strategic priorities under the second strategic plan (2021-2025), Konza Technopolis Development Authority is actively engaging both local and international investors.

Private sector players are also taking up the offerings of Konza National Data Centre, which is offering cloud computing services to both private and public organizations.

Konza Technopolis is a key flagship project of Kenya’s Vision 2030 economic development portfolio. The tech city is backed to be powered by thriving information, communications and technology (ICT) sector, superior reliable infrastructure and business friendly governance systems.

It is estimated that on completion of phase 1, some 20,000 direct jobs will be created with 12,000 residential units being put up.

The post Konza City pursues local investors amid growing interests appeared first on KBC.

Spread the love
Generated by Feedzy