With an economy expected to grow at an average rate of 8% per annum for the next five years, the construction and real estate sector is a key sector and a potential driver of future economic growth. This is due to the high demand for residential and commercial buildings.

Rwandan housing market remains under served with an annual demand for an estimated 25,000 units of which 8,000 – 10,000 are in Kigali.

Growth in local and foreign investment implies there will be continued growing demand for commercial buildings.  Investment in the sector has grown from US$ 100m in 2003 to US$ 480m in 2009. Growth in the sector has been driven by population growth of 2.8% per annum, an emerging and growing middle class, increased diaspora investment in Rwandan property markets and the government investment in infrastructure expansion and modernization of urban and rural infrastructure

Opportunities in construction and real estate include development of low cost and middle income housing estates, warehousing, office buildings and malls as well as investment in construction of apartments and hotels.

Current outline of the Kigali City master plan provides an insight into the future plans for the city.

KIGALI_CONCEPTUAL_Master_Plan.pdf

Investment_Opportunities_Kigali_Plan.pdf

 

Kigali Convention Centre

Project Description:

The complex is located on 13.6ha in the heart of Kigali City. Construction on the site has already started
The project includes:

• 5 star hotel with 292 rooms
• 1 large conference room fitting 2600 people, 1 medium conference room, 10 meeting rooms
• 1 museum
• 24,000 sqm of office and shopping space

Investment Amount:

US$300m

Investment Mode:

Total Equity ownership or Joint Venture

 

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