Konza City's Impact On Kenya’s Real Estate Sector
Konza Technology City is designed to be a major economic driver for Kenya.
Samwel Bwire
Konza City is located in Makueni County, 60 kilometers from Nairobi, on 5,000 acres of land formerly known as Malili Ranch.
Konza City’s development was proposed in 2009 as part of the Kenya Vision 2030 push. As a flagship project for the initiative, it is believed that its completion will contribute towards making Kenya a more competitive and prosperous nation and towards the vision’s economic aim of attaining Kenya's middle-income status by 2030.
Konza Technopolis Development Authority (KoTDA) is the implementing agency under the Ministry of Information, Communications, and Technology (MoICT).
Konza Technology City is designed to be a major economic driver for Kenya. When complete, the ultra-modern city will house a vibrant mix of businesses, residences, and urban amenities, with the aim of creating a smart city that workers from around Kenya and the wider world will be desperate to work and live in.
Its Impact on Kenya’s Real Estate Sector
The development of Konza City is transforming the real estate industry in its nearby regions, notably Malili Town, a small town growing very fast because of Konza.
With so many residential estates in Malili town, quite some residents who live in these estates work in Konza, while others are not too far from Konza City.
As Konza City grows towards doneness, nearby regions are experiencing an increase in residential developments, alluring people who work within the city.
Konza City offers excellent connections between Kenya and the rest of the world through land and air.
The A109 highway connects Konza to Nairobi, Jomo Kenyatta International Airport, and Mombasa, the primary port of entry to East Africa and Kenya’s second-largest city. Konza’s world-class infrastructure, high connectivity, active public realm, and cosmopolitan environment have allowed companies to attract top talent and companies to the region.
With key infrastructure links such as the Nairobi Expressway, apart from ensuring convenient commuting, this infrastructure link also enhances the value of land in the surrounding regions.
The nearing completion of phase one of Konza City is evidently impacting nearby real estate markets. The city stands as a testament to Kenya’s forward-thinking approach, setting the stage for a visionary and thriving future.
Konza City is also committed to sustainable development, as the Authority has established a tree nursery boasting 600,000 seedlings, with plans to scale up to an impressive 10 million trees.
This initiative is a vital component of Konza Technopolis’ greening endeavor, wherein technology is being harnessed to create an efficient and monitored smart tree nursery.
In its entirety, Konza City exemplifies a forward-thinking approach to urban planning in Kenya, prioritizing sustainability, seamless technology integration, and robust economic development. This endeavor stands as a beacon of progress in the nation’s pursuit of a visionary and thriving future.
If you have a real estate press release or any other information that you would like featured on the African Real Estate Blog Post do reach out to us via email at [email protected]
