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The parcels of land which lie on 60 acres will be leased out to investors for the development of low and higher density buildings that accommodate both commercial and residential premises/FILE

Kenya

60 acres at Konza Techno City ready for development

The parcels of land which lie on 60 acres will be leased out to investors for the development of low and higher density buildings that accommodate both commercial and residential premises/FILE

The parcels of land which lie on 60 acres will be leased out to investors for the development of low and higher density buildings that accommodate both commercial and residential premises/FILE

NAIROBI, Kenya, Oct 8 – The Konza Technopolis Development Authority (KoTDA) on Thursday presented 24 parcels of land to the private sector that are ready for construction in the upcoming Konza Techno City in Makueni County.

The parcels of land which lie on 60 acres will be leased out to investors for the development of low and higher density buildings that accommodate both commercial and residential premises.

The Phase 1A of Konza City development, will see the 60 acres of land curved out of the larger 5,000 acres to kick off construction of the long awaited high-tech city.

The authority will soon start seeking expression of interest from investors who are ready to take up space for the construction of commercial, residential, educational and public amenities within Phase 1A of the project.

“The international investors are keen to invest but we also want to see more interest from the local investors. Each parcel of land ranges from one acre to three acres,” KoTDA CEO John Tanui explained.

Phase 1A is aimed at create an enabling environment through the establishment of the critical mass jobs and services required to stimulate the remainder of the development.

The authority has now partnered with the Kenya Private Sector Alliance (KEPSA) to help in marketing Konza City both to local and international investors.

In pursuit of this, KEPSA and KoTDA will in a week’s time formulate a special committee that will steer head the process of getting the right investors.

“We are ready to participate in Vision 2030 projects including Konza Techno City as long as there is bankability of such projects is guaranteed,” KEPSA chief executive Carole Kariuki said.

Konza’s objective is to be a sustainable, world-class technology hub and a major economic driver for the nation, with a vibrant mix of businesses, workers, residents, and urban amenities.

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The techno city hopes to attract and create over 20,000 jobs at the end of Phase 1 in 2020 in addition to over 200,000 residents in the city by 2030.

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