Home Outbound Investment Vietnamese building agency wins bid for 5 tasks in Kenya

Vietnamese building agency wins bid for 5 tasks in Kenya

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Vietnamese building agency wins bid for 5 tasks in Kenya

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The Hoa Binh Development Group introduced on February 19 that it has gained bidding packages to develop 5 social housing tasks price 72 million USD in Kenya.

Vietnamese construction firm wins bid for five projects in Kenya
Vietnamese building agency wins bid for 5 tasks in Kenya, Illustrative picture (Photograph: VNA)

HCM Metropolis – The Hoa Binh Development Group introduced on February 19 that it has gained bidding packages to develop 5 social housing tasks price 72 million USD in Kenya.

Invested by the Ministry of Lands, Public Works, Housing, and City Growth of Kenya, the tasks intention to offer lodging for the police and navy forces, and college students of the Technical College of Kenya.

The group will function the principle contractor chargeable for each the design and building of housing and infrastructure techniques for the tasks which whole 3,400 residences.

As well as, it has additionally acquired invites to the subsequent spherical for 2 different social housing tasks within the African nation after efficiently passing the credibility and functionality evaluation for contractors performed by the Kenyan authorities. The agency has been invited to submit its design and building proposals for these tasks which whole an estimated 91.6 million USD.

Le Viet Hai, Chairman of the Board of Administrators of the group, mentioned Africa is taken into account the biggest and most promising building market in all continents within the coming many years.

Within the quick future, Hoa Binh will concentrate on bidding for social housing building tasks earlier than progressing to higher-end tasks, he added.

Beforehand, representatives of the group undertook a subject journey to Kenya, which is the primary goal marketplace for the agency in Africa. Successful the bid for the aforementioned tasks is an preliminary success for the group in its growth technique concentrating on the African market as a part of its strategy towards future work in different worldwide markets.


By VNA



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