, NAIROBI, Kenya, Dec 4 – The government selected PriceWaterCoopers (PwC) as the lead transaction advisors for the International Exhibition and Conference Centre set to be built at the Bomas of Kenya.
Tourism Cabinet Secretary Phyllis Kandie says the centre will be built on an 82-acre piece of land at the Bomas of Kenya and is projected to host 15,000 exhibitors and 10,000 people for conferencing.
Kandie says it will be completed in 2016, and is part of the diversification of the tourism products pointing out that business tourism, is set to rise significantly owing to Africa’s rising economic growth.
“Feasibility study will start immediately as soon as they can settle. They should be able to give us a road map and we get the consultant to do the feasibility study and the master plan. We are looking at 2016 at least we should have an exhibition centre and a conference,” she said.
She says the diversification is part of the recovery plan for the tourism sector that has been hard hit by the on-going insecurity in the country.
She said that the tourism recover taskforce – the committee set to identify key challenges facing the sector and come up with turnaround strategies has completed its report.
“The team has finalised the report, we will be presenting it to the President anytime from now so as we are able to start implementing the strategies that they have put in place, “she explained.
Earlier, the taskforce had said it will not tire in efforts of reviving the tourism sector and helping in marketing Kenya as the best tourist destination despite the ongoing insecurity challenges in the country.
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She says the centre will attract business tourists benchmarking on the Foreign Direct Investments (FDI) which have been increasing, an indication that investors are keen on this market.
The country received FDI worth Sh313 billion in 2013, which was four times more than the amount received in 2012.
READ: Kenya records FDI growth despite insecurity
The government, she added, will also work with the private sector through a public private partnership to build hotels and other facilities at the centre.
On his part PwC East Market Deals Leader Tybor Amassy says this is among the top projects the company has handled in the country.
“We are really supportive of the plans that the Kenyan Government of Kenya has, in these types of infrastructure projects, with the infrastructure plans Kenya we anticipate many such projects in the future,” he said.