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Stable policies to accelerate investment in construction sector

Kenya stands a chance to accelerate investment in construction sector if it adopt consistent policies. Speakers at the 9th edition of Big 5 Construct Kenya in Nairobi said predictability in regulation and taxation makes it easier for investors to plan for strategic projects in the country. “Big 5 Construct Kenya presents an opportunity to attract […] The post Stable policies to accelerate…

Stable policies to accelerate investment in construction sector

Kenya has the potential to boost investment in its construction sector through the implementation of stable policies. Attendees at the 9th edition of Big 5 Construct Kenya in Nairobi emphasized that predictability in regulations and taxation enables investors to plan effectively for major projects. Dr. Erick Rutto, President of Kenya National Chamber of Commerce & Industry (KNCCI), stated that consistent policies and stronger international partnerships could position Kenya as a leader in innovative construction materials for the broader African market.

With over 150 exhibitors from more than 25 countries, Big 5 Construct Kenya serves as a platform for international suppliers and local businesses to showcase solutions for Kenya's construction industry. Josine Heijmans, Senior Vice President at dmg events, highlighted Kenya's status as one of East Africa's most dynamic construction markets and its crucial role in the nation's economic growth and development.

The event also introduced the Big 5 Impact Trail, which showcased sustainable building practices and lower-impact materials to align with Kenya's sustainability goals. Susan Rutto, Acting Chief Executive Officer of the National Construction Authority (NCA), stressed the necessity of collaboration, skills development, and the adoption of modern construction practices to achieve Kenya's construction industry ambitions.

China, Egypt, Italy, and Türkiye returned as Country pavilions, while Germany made its debut, underscoring the event's international appeal.

Written by urgent.news from KBC's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at kbc.co.ke →

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