DUBLIN–( BUSINESS WIRE )–The "Kenya Construction Market Report" report has been added to ResearchAndMarkets.com’s offering.
Kenya has the largest economy in East Africa and is the most industrialized country in the region. These factors, combined with the country’s historically stable democratic government, have established its position as the regional hub for trade and finance in East Africa and the natural choice for business entry to the East African region.
Prior to the headwinds from the COVID-19 pandemic, medium-term GDP growth was expected to rise by 5.8% in 2020 and 5.6% in 2021 – underpinned by private consumption, a pick-up in industrial activity and continued strong performance in the services sector.
The Kenyan construction sector of the economy recorded an 8.5% growth in 2017 and notwithstanding the negative impacts of the COVID-19 pandemic is forecast to remain a growth out-performer in sub-Saharan Africa up to 2024.
Underpinning this positive outlook is the variety of opportunities in the market, particularly in transport, power infrastructure and commercial construction. Substantial spending by the Government of Kenya on infrastructure coupled with foreign investment flows are sustaining this high level of growth, although the government’s high debt burden could threaten the pace of infrastructure development and negatively impact investor confidence in the market.
This report includes 77 pages of an overview of the state of the construction industry in Kenya – analysing the impact of regulatory changes, the macroeconomic outlook, and the political outlook.
The report also contains competitive intelligence on opportunities in various sectors, and details and contact information for key players in Kenya’s construction industry.
Companies Mentioned ARM Africa Ltd
Associated Construction
Atlas Copco Kenya
Bamburi Cement Limited Bechtel Corporation Car and General China Jiangxi International Company China Roads and Bridges Corporation China Wu Yi Limited East Africa Portland Cement Company Epco Builders Limited Ganatra Plant & Equipment Ltd H-Young (EA) Limited Holman Brothers Intex Construction Laxmanbhai Construction Liebher MACE Mantrac Mombasa Cement National Cement Norken International Limited Nyati Nyoro Construction Limited Parbat Siyani Construction Limited Reynolds Construction Company Savannah Cement Sinohydro Corporation Sogea Satom Kenya The Zakhem Group Turner and Townsend Vinci Construction XCMG Construction Machinery Co Ltd XCMG East Africa Key Features The Kenya Construction Market Report describes the size and structure of […]