Vietnamese construction firm wins bid for five projects in Kenya
The Hoa Binh Construction Group announced on February 19 that it has won bidding packages to develop five social housing projects worth 72 million USD in Kenya.
HCM City (VNA) - The Hoa Binh Construction Group announced on February 19 that it has won biddingpackages to develop five social housing projects worth 72 million USD in Kenya.
Invested by the Ministry of Lands, Public Works, Housing, andUrban Development of Kenya, the projects aim to provide accommodation for the policeand military forces, and students of the Technical University of Kenya.
The group will serve as the main contractor responsible forboth the design and construction of housing and infrastructure systems for theprojects which total 3,400 apartments.
In addition, it has also received invitations to thenext round for two other social housing projects in the African country aftersuccessfully passing the credibility and capability assessment for contractorsconducted by the Kenyan government. The firm has been invited to submit itsdesign and construction proposals for these projects which total an estimated 91.6million USD.
Le Viet Hai, Chairman of the Board of Directors of the group,said Africa is considered the largest and most promising construction market inall continents in the coming decades.
In the immediate future, Hoa Binh will focus on bidding forsocial housing construction projects before progressing to higher-end projects,he added.
Previously, representatives of the group undertook a field trip to Kenya, which isthe first target market for the firm in Africa. Winning the bid for theaforementioned projects is an initial success for the group inits development strategy targeting the African market as part of its approach toward future work in other international markets./.
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Illustrative image (Photo: VNA) 
