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Kenya Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Publisher GlobalData
Published Sep 17, 2024
Length 28 Pages
SKU # GBDT19273859

Description

Kenya Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Kenya - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into Kenya’s construction industry, including -
  • Kenya’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Kenya’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData expects the construction industry in Kenya to expand by 4.8% in real terms this year, supported by investments in the transport, renewable energy, and industrial sectors, coupled with a recovery in export activities. According to the Kenya National Bureau of Statistics (KNBS), credit extended to the construction industry grew by 0.6% year-on-year (YoY) in Q1 2024, while the total value of exports rose by 12.5% YoY in the first five months of 2024. Growth in 2024 will also be supported by allocations made as part of the latest budget. The financial year (FY) 2024-25 (July 2024 to June 2025) Budget includes an expenditure of KES3.9 trillion ($25.4 billion) in the current financial year; this expenditure represents a 5.4% increase from the expenditure allocated in the FY2023-24 Budget. The FY2024-25 Budget includes an allocation of KES193.4 billion ($1.3 billion) for infrastructure development and KES92.1 billion ($599.7 million) for housing construction and redevelopment.

Growth over the forecasted period will also be supported by investments in rail and airport infrastructure projects. In April 2024, the President of Kenya sought US funding for a new KES307.2 billion ($2 billion) international airport in Nairobi. The airport aims to enhance Nairobi’s appeal to international travelers and relieve pressure on Jomo Kenyatta International Airport, which faces capacity and infrastructure challenges. Additionally, in March 2024, Kenya has secured a KSH20 billion ($130.2 million) loan from the French government to upgrade and modernize the Nairobi Commuter Rail. The loan will fund improvements to the railway to alleviate city traffic congestion. The funds will be used for upgrading signaling, communication systems, train infrastructure, and automated level crossings. The project aims to enhance the city's transportation network by integrating it with an expanded central railway station.

Scope

This report provides a comprehensive analysis of the construction industry in Kenya. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Kenya, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

28 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Kenya, Top Construction Projects by Value
Table 3: Kenya, Construction Output Value (Real, $ Million)
Table 4: Kenya, Construction Output Value (Nominal, KES Billion)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Kenya, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 2: Kenya, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 3: Sub-Saharan Africa, Construction Output (Real % Change), 2022-28
Figure 4: Kenya, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 5: Kenya, Construction Value Add (KES Million, 2016 Constant Prices)
Figure 6: Kenya, Total Remittances ($ Million)
Figure 7: Kenya, Net Domestic Credit to the Construction Industry (KES Billion)
Figure 8: Kenya, Real Estate Value Add (KES Billion, 2016 Constant Prices)
Figure 9: Kenya, Accommodation and Restaurant Services Value Add (KES Billion, 2016 Constant Prices)
Figure 10: Kenya, Wholesale and Retail Trade Value Add (KES Billion, 2016 Constant Prices)
Figure 11: Kenya, Manufacturing and Mining and Quarrying Value Add (KES Billion, 2016 Constant Prices)
Figure 12: Kenya, Electricity and Water Supply Value Add (KES Billion, 2016 Constant Prices)
Figure 13: Kenya, Information and Communication Value Add (KES Billion, 2016 Constant Prices)
Figure 14: Kenya, Electricity Generation, in Million KWh
Figure 15: Kenya, Exports (KES Billion)
Figure 16: Kenya, Transport and Storage Value Add (KES Billion, 2016 Constant Prices)
Figure 17: Kenya, Education and Health Value Add (KES Billion, 2016 Constant Prices)
Figure 18: Kenya, Public Administration Value Add (KES Billion, 2016 Constant Prices)
Figure 19: Kenya, Building cost Index, 2019=100
Figure 20: Kenya, Civil Engineering cost Index, 2019=100
Figure 21: Kenya, Value of Building plans Approved for Nairobi City County (KSH Million), Real Value of Buildings
Figure 22: Kenya, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Kenya, Risk Summary
Figure 24: Kenya, Risk Regional Comparison

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