Konza City allocates 24 parcels of land to private investors

The Konza Technopolis Development Authority (KoTDA) Thursday presented 24 parcels of land to the private sector, even as it sought to spur investor interest in the technology park.

Phase 1 A of Konza city will see 60 acres of land curved out of the larger 5000 acres set aside for the development of Konza city.

The 60 acres will be leased out to investors for the development of low and higher density buildings that accommodate both commercial and residential premises.

Expression of interest

Speaking during the investor briefing session with members of the Kenya Private Sector Alliance (KEPSA), KoTDA CEO John Tanui said that the authority will soon seek out an expression of interest from investors interested in taking up space for the construction of commercial, residential, educational and public amenities within Phase 1 A of the project.

“Phase 1A, which is the first stage of the city’s development, will create an enabling environment through the establishment of the critical mass of jobs and services required to stimulate the remainder of development to support a population of up to 5,000” Mr Tanui said.

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KoTDA acting chairman Reuben Mutiso says the city will focus on forging strong linkages with the universities as accelerators for the development of innovations given the transformational potential of science and technology in economic growth and social development.

Plans are at an aance stage to establish a graduate institute that will provide high-quality education in science and technology.

On her part Kenya Private Sector Alliance (Kepsa)hief executive Carole Kariuki says the private sector is ready to participate in Vision 2030 flagship projects including Konza Techno City as long as the success of such projects is guaranteed.