Kenya’s Garden City Mall to get business park

A business park is set to be constructed alongside Garden City mall in Kenya’s capital Nairobi its developers have announced.

The owners of the property dubbed The Garden City Business Park (GCBP) have proposed to divide the land into 10 plots and develop offices on two of them and further lease out the rest for predetermined use. It is planned to occupy 23.5 acres of land along Thika Road and will encompass unique facilities like business hotels, a hospital and offices.

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THE FIRST “MILITARY LOGISTICS”FORUM IN INDONESIA WILL BE HELD ON “INDONESIA TRANSPORT, SUPPLY CHAIN AND LOGISTICS 2016”

Indonesia Transport, Supply Chain and Logistic (ITSCL) 2016 will be held on 19 - 21 October 2016, located in Jakarta International Expo, Kemayoran, Jakarta, Indonesia. ITSCL 2016 is the only one exhibition that is dedicated to all product and service providerin Transport and Logistics industry, with the aims to distribute goods and supply chains throughout Indonesia and foreign countries.
This event is organized by Reed Exhibition Panorama (RPE). RPE is a joint venture company between The World's Leading Events organizer, Reed Exhibitions and The Most Integrated tourism companies, transportation and hospitality in Indonesia, Panorama Group. (Read more in www.reedpanorama.com)

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Chinese firm China Wu Yi to construct mega factory in Kenya

A whopping US$ 38m is set to be spent on the construction of a massive factory in Nairobi , Kenya by the giant Chinese firm- China Wu Yi as it seeks to enhance its exposure in the real estate in Kenya.

The board of Director of the company approved the decision that its local subsidiary China Wu Yi Kenya Ltd will construct the building.

“The investment has already been signed out to the Kenya subsidiary China Wu Yi (Kenya) Ltd in Nairobi for the construction and building of the project,” the company said in a statement.

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Road construction in Kenya: IFC reached for support

Kenya is now in negotiations with International Finance Corporation (IFC ) for a line of credit of $1.5 billion. The credit is aimed at financing road construction in Kenya.

The road in question is part of the construction of 4,000km of urban roads. In addition, it will be used to fund 6,000 kilometres of rural roads earmarked for funding from state coffers.

Nevertheless, government plans to raise $5.5 billion to be able to complete 10,000km of road construction in Kenya. This follows a move by local banks to decline a request to lend the money to the contractors.

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