Kenya Real Estate Tenders

A thriving sector: The Kenyan real estate market is experiencing significant growth, fueled by population expansion, economic development, and rapid urbanization. The market size is expected to reach a value of US$811.40 billion by 2028, with a projected annual growth rate of 3.65%.
Affordable housing in high demand: Driven by a burgeoning population, the demand for affordable housing is soaring. This creates investment opportunities, particularly in the development of sustainable and cost-effective living solutions.

Government plays a key role: The Kenyan government actively supports the real estate industry through various initiatives. These include tax breaks, infrastructure development projects, and housing programs aimed at bridging the housing deficit.

High Demand for Real Estate Products and Services by the Government
Essential services: The Kenyan government procures a wide range of real estate products and services to meet the needs of its citizens. These include:
Land acquisition: The government frequently acquires land for various purposes, such as infrastructure development, public housing projects, and government offices.
Construction services: The government contracts construction companies to build and maintain various structures, including schools, hospitals, bridges, and roads.
Property management: The government also relies on property management services to oversee its real estate portfolio, ensuring its efficient operation and maintenance.

Top Authorities and Winners in Real Estate Procurement
Key decision-makers: Several authorities oversee real estate procurement in Kenya, including:
National Land Commission: Responsible for land management and allocation.
Ministry of Public Works: Oversees infrastructure development and construction projects.
National Housing Corporation: Implements government housing programs and initiatives.

Leading players: Among the top winners of government real estate procurement contracts are:
Local construction companies: Kenyan firms like Avax Group and Maisha Homes have secured major government contracts.
International companies: Multinational corporations like Vinci and China Wu Yi have also won significant contracts.

Tags -
Kenya real estate tenders, free Kenya real estate tenders, government real estate tenders Kenya, Kenya land appraisal tenders, Kenya land purchase tenders, Kenya property appraisal tenders, Kenya property management tenders, Kenya public housing tenders, Kenya land lease tenders, Kenya real estate advisory tenders