Investors interested in setting up at the Konza City have been asked to submit bids for development of 24 parcels of land, as government pledges support for locals.
Speaking at the Konza investor briefing, ICT Cabinet Secretary Fred Matiang’i said interested local investors who face financial shortfalls would get government support.
“Together with the National Treasury, I am working on a Public Private Partnership framework that will see government source for funds to support local investors,” said Dr Matiang’i.
The Konza Technopolis Development Authority (KoTDA) will rely on Kenya Private Sector Alliance (KEPSA) to attract investors who will construct commercial, residential, educational and public amenities within the demarcated land.
DEVELOPMENT REQUIREMENTS
Land will be leased out to investors for a period of 99 years. Interested companies are expected to have strong financial muscle, a well-defined construction plan with timelines to start development by April 2016 and complete it by end of the year.