Construction industry to rebound in 2018

The construction industry is expected to rebound next year after a slowdown due to political uncertainties this year. 

Mantrac Kenya Machine Sales Manager John Waikwa says increased appetite by county governments to fast track road projects is expected to drive the demand for building and construction equipment.

According to the National Treasury, the country is expected to spend in excess of 1.5 trillion shillings cumulatively in the next three financial years in energy, infrastructure and ICT.

Much of the money is expected to be spent on projects such as the standard gauge railway, Lamu Port, dualling of Mombasa-Nairobi highway and roads projects that fall under the jurisdiction of county governments.

A total of 1,138km of new roads is to be undertaken in the current financial year, with another 36,225km maintained.

Mantrac Kenya says heavy investment by the government has boosted sale of building and construction industry, backed by a favorable tax regime.

The firm is now targeting smaller operators in real estate sector and county governments with the new 426F2 Backhole Loader.

The latest Economic Survey indicated that building and construction grew 9.2% last year, and is expected to reignite next year supported by extension of SGR to Naivasha as well as road projects by the national and county governments.

  

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