Kenya Property Developers Association launches Coast chapter to drive regional investment
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The Kenya Property Developers Association has launched a Coast chapter in Mombasa to engage developers, government and financiers on investment and sustainable development across the region's six counties.
The Kenya Property Developers Association (KPDA) has launched a Coast chapter to drive real estate investment and sustainable development in the region, introducing its leadership at a ceremonial session attended by industry and government representatives.
The chapter was launched on Thursday at the Tamarind Hotel in Mombasa during a breakfast summit held under the theme “Opening New Horizons: Shaping the Future of Kenya's Coast Through Sustainable Real Estate.” The event brought together developers, investors, financiers, government representatives and built-environment professionals to examine the Coast's real estate market, investment prospects and the conditions needed to support sustainable development. The launch also formed part of KPDA's celebrations to mark 20 years of shaping Kenya's built environment, as the association expands its engagement beyond Nairobi.
“The Coast is an important market with significant potential for real estate and investment. The establishment of this chapter gives KPDA a stronger presence in the region and creates a platform for closer engagement with developers, government and other stakeholders,” said KPDA chairman Zoravar Singh. KPDA Coast Chapter representative Ahmed Badawy said the chapter would bring industry players together to address challenges affecting development and strengthen engagement with government on policies that can support investment and sustainable growth.
A key session at the summit, a panel discussion titled “Unlocking the Coast's Real Estate and Investment Potential,” examined factors shaping the region's property market, including access to finance, infrastructure, regulation, land and the wider investment environment, and explored opportunities emerging across the Coast's six counties. KCB Group Head of Project Management and Investments Ken Luusa said unlocking the region's potential requires access to appropriate financing and stronger collaboration across the industry.
Guest of honour Suleiman Shahbal said the Coast's development would require closer coordination between investors, developers and government, noting that the region had the land, infrastructure, talent and strategic location to support major investment. “What is needed is greater collaboration and an environment that gives investors confidence to commit capital for the long term,” he said. The chapter will now serve as KPDA's regional platform for engaging developers and other built-environment players on policy, investment, development and industry issues affecting the Coast.