The Konza City investors will meet in Kenya’s capital, Nairobi, early next month for a conference dubbed the Techno City Forum. This will be the first meeting since the government initiated the project.
The forum, scheduled for Kenyatta International Conference Centre (KICC) from August 7 to 9, is expected to attract around 500 local and international investors in coming up with models for use in the multi-billion investment project.
Konza Technology city aims to display economic, technological and cultural excellence to compete with the world’s major cities. An information communication and technology (ICT) park, science park, residential places, business malls, shopping centre, recreation and educational facilities include the features set to make the place more appealing.
The City is further expected to provide jobs especially in the Business Process Outsourcing (BPO) and Information Technology Enabled Services (BPO/ITES).
Konza city will be built on 5,000 acres of land allocated by Kenya’s government in Machakos County.
An estimated US$2-billion infrastructural investment and US$5 billion for site real estate development will be used. A leasing income of 12 to 15 percent and 20 percent capital profit is expected from the project annually.
