Egyptian firm builds Sh2.5 billion Kiambu sports club

By: STANLEY NJENGA

Egyptian investor Wadi Degla Holdings will spend Sh2.5 billion to build a sports club in Kiambu county.

The club, the single largest private investment on sporting facilities in Kenya, will open its doors in June next year.

Company president Maged Samy said the firm wants to help the sports and recreation industry reach international standards.

“We come at an opportune time, when Kenya is looking to improve its infrastructure to develop high performance sporting,” he said.

Samy spoke during a groundbreaking ceremony on Tuesday in Kiambu Town constituency. The company will build world-class sports facilities for swimming, tennis, squash and football.

It will also build IAAF-approved racing tracks and fields for basketball, handball and volleyball. The company will also build spas, sauna, gyms and dancing schools within the facility.

Other amenities will include a modern shopping service, dining and lounge areas. Samy said the company has a plan to open 19 other clubs across Africa. He said the projects will cost Sh47.3 billion.