Chinese Firm Secures $2.9 Billion Kenya Airport Upgrade Deal
Kenya has selected a Chinese firm for a $2.9 billion upgrade project at Jomo Kenyatta International Airport in Nairobi. This significant development follows the termination of a prior concession deal with the Indian conglomerate Adani Group approximately two years ago, according to individuals familiar with the matter.
Kenya has awarded a substantial contract to a Chinese firm for the redevelopment of its largest international airport. The agreement, valued at $2.9 billion, is designated for upgrades at Jomo Kenyatta International Airport, which serves the capital city of Nairobi.
This new selection comes approximately two years after an earlier concession deal for the airport's overhaul with the Indian conglomerate Adani Group was canceled. The previous agreement had been terminated, paving the way for the current arrangement.
The specific details of the Chinese firm and the exact scope of the upgrade project were not immediately disclosed. However, the deal signifies a major investment in Kenya's aviation infrastructure.
According to Bloomberg Markets, people with knowledge of the matter confirmed the selection of the Chinese firm.
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