Like many other nations across the African continent as well as globally, Kenya’s Construction industry is quickly recovering from the effects of the COVID-19 pandemic. Engineering, construction, and building projects are set to play a vital role in the country’s economy over the forecast period. Building material distributors, construction equipment manufacturers and other players are witnessing significant business in 2021. Construction industry is one of the largest industries in the country with significant contribution to the GDP.
Following the negative impact of COVID-19 pandemic, the Kenya construction and infrastructure market is poised to register strong recovery trends in the near future. Three possible recovery scenarios considering multiple driving factors are included in the report. Infrastructure- planned projects in Kenya Planned large scale projects in the country are included in the research publication. Details of leading companies, their projects, scheduled completion date and other plans are provided in the report.
Increasing public investments into Kenya’s commercial construction sectors will be a key market opportunity for the companies operating in the construction and infrastructure industry. The presence of a huge customer base is resulting in strong FDI (foreign direct investment) inflows into the country. Further, increasing investments in real estate and infrastructure sectors result in the growth of construction activities.
Globally, industrialization and urbanization trends are propelling the demand for client-driven Construction and Infrastructure activities and augmenting demand for investment in railways, roads, ports, power transmission, and water utilities. Growing demand for Building Information Modelling, Modular construction, and building materials industry is being observed across the Kenya Construction and Infrastructure market. Estimated construction and infrastructure growth of 6% CAGR is forecast globally between 2019 and 2026. Catch up on the anticipated trends in the latest report.
