The initial phase of the construction of Konza Technology City will cost a whopping Sh200 billion, the Government has announced.
The Vision 2030 project is expected to generate about 17,000 direct high-value jobs, and a further 68,000 indirect jobs once completed.
Victor Kyalo, the Principal Secretary in charge of ICT and Innovation at the Ministry of ICT, said basic infrastructure and other crucial city amenities have already been laid.
Speaking on the sidelines of Mid-Term Review of the third medium term plan of Kenya Vision 2030 in Machakos, the PS revealed that the Government had signed a deal with South Korea to set up an institute that will oversee construction works in Konza.
He said Phase One of the construction is expected to be completed by 2022. “In the next one month, Kenya Advanced Institute of Technology modeled against the Korea Advanced Institute of Technology will start construction works in Konza,” said Kyalo.