ConstructionFEATURED

Vietnamese construction company Hoa Binh ventures into Africa with a significant project in Kenya.

Vietnam’s leading construction giant, Hoa Binh Group, announces its successful bid securing a multi-million dollar contract to construct social housing in Kenya, marking its entrance into the African construction market.

Valued at $72 million, the project entails building accommodation for the police and military forces, as well as students of the Technical University of Kenya. Hoa Binh will act as the primary contractor, overseeing both design and construction for the development, which comprises 3,400 apartments and associated infrastructure systems.

Moreover, Hoa Binh has been invited to participate in the next phase for two additional social housing initiatives in Kenya, following a favorable assessment of contractors’ reputation and capabilities by the Kenyan Government. These projects, totaling around 6,200 apartments and valued at approximately $91.6 million, could substantially elevate Hoa Binh’s total social housing construction contracts in Kenya to $163.6 million if awarded.

Mr. Le Viet Hai, Chairman of Hoa Binh Construction Group, expressed his outlook, stating, “Africa, with its more than 50 countries and territories, is deemed the largest and most promising construction market across all continents. In the near term, Hoa Binh will concentrate on contracting for social housing projects before venturing into more upscale developments.”

This achievement closely follows Hoa Binh’s recent visit to Kenya led by its chairman, characterized as a benchmarking tour.

Founded in 1987, Hoa Binh is a prominent general contractor specializing in civil, industrial, and infrastructure construction, boasting an impressive track record in Vietnam.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button