The 13th edition of Turner & Townsend's International construction market surveycompares cost data across 88 markets in 42 countries – providing comprehensive analysis of construction trends globally, among them Nairobi, Kenya.
The past few years have seen our industry face varied challenges. Despite this, construction markets have remained strong and activity levels have been increasing as the post-pandemic recovery gathers momentum. But now, we are seeing some of the most volatile market conditions even after the COVID-19 pandemic, putting new strains on the sector.
The survey reveals a global construction industry facing headwinds on multiple fronts. Rising demand, labour shortages and supply chain disruption are combining to drive up construction costs.
High levels of global demand have resulted in shortages in Africa, which is directly affecting availability and lead times and consequently many material costs are rising.
KPDA in partnership with Turner & Townsend is pleased to invite you to the KPDA CEO Morning Learning Session on Tuesday 25th October 2022 at Radisson Blu Hotel as Rewel Kariuki, Director for cost management at Turner & Townsend presents the ICMS results for East Africa and Kenya in specific. This will be followed by a panel discussion on "Understanding cost movements in these volatile times".
The panel will unpack the current drivers of construction fluctuations in Kenya and the strategies we need to engage in order to brace against these challenges.
We are looking forward to hosting you at the Breakfast!