The construction industry is expected to grow by 3.9% this year. According to a report released by The Architectural Association of Kenya (AAK), the projected growth is pegged on a sharp recovery in construction activity after pandemic restrictions last year.
“We project that the growth will particularly be propelled by huge infrastructural investments by the Government of Kenya,” the association’s President Wilson Mugambi said at the launch of the Status of the Built Environment for the first half of 2021.
The bi-annual report highlights developments in the real estate sector, tracks developments in land, financing, infrastructure, policy and legislation.
Mugambi said the growth of the real estate and construction sectors will be hinged on the overall performance of the economy.
He said the contraction in the country’s economy due to Covid-19 was equally felt in the built environment.
Deputy Director General, Nairobi Metropolitan Services (NMS) Kang’ethe Thuku, who was the Chief Guest, said the report would provide the required insights in revamping the city and enable Nairobi compete with other cities of the world.
“As NMS we are committed to formulate policies that shall guide and control developments in Nairobi City for the next 10-15 years,” he said.
