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    Kenya's Construction Sector Attracts International Investors

    Annastacia
    By Annastacia Wairimu
    - October 31, 2019
    - October 31, 2019
    Kenya Business news
    Kenya's Construction Sector Attracts International Investors

    Devolution has resulted in development in both urban and remote areas. As a result, there has been an increase in infrastructure projects across the country.

    This has led to high demand for construction equipment, thus attracting global manufacturers and dealers into the country.

    According to the Kenya Bureau of Statistics, since the previous year, the machinery that has been on high demand include; excavators, motor graders and rollers.

    Excavators cost between Ksh 12-18 million for a single unit, the motor graders cost a minimum of Ksh 12 million and the rollers cost about Ksh 7 million.

    Newly registered tractors rose by 49.5% to 4,040 units in 2018.

    The demand for construction equipment has been driven by big mega-state infrastructure projects such as roads, rail lines, irrigation, mining and ports and housing.

    Some of the major international construction equipment companies that have set up shop in Kenya include; Caterpillar from the US, Komatsu from Japan and Sany from China.

    Construction equipment distributors have opened offices in Kenya as well; Pan African Equipment Group opened an office in Nairobi. Pan-African Equipment Group distributes machinery and equipment from Dubai.

    Kenya in 2018 imported machinery and equipment worth KSh 106 billion thus increasing the growing activities in construction, infrastructure and mining.

    Related;

    Menengai Crater Geothermal Power plant Construction to Start in December

    Kenya Gets $450 million loan from Japan for Likoni Bridge Construction

    The Kenyan Wall Street

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