VENTURES AFRICA – A group of Kenyan investors have begun the construction of a fully-fledged 5 billion shillings ($60 million) golf park project development near Mount Kenya . The project, Mt Kenya Holiday Homes, is expected to boost tourism and investment activities in Mt. Kenya and the neighbouring environs.
The Kenya Wildlife Services, documents that the Mt Kenya circuit which involves mountain climbing has suffered depressed growth due to lack of bed capacity. According to statistics about 100,000 tourists visit the circuit annually yet it can attract up to 300,000 persons.
Ark Consultants’ Director Reginald Okumu who leads the consortium said the Mt Kenya Holiday Homes will incorporate a serviced Helipad, Clubhouse, 9-hole lush green Golf Course and a solar powered perimeter fence. The project will feature 95 holiday homes.
“This project is by all means a first of a kind development proposition anchored on a social economic and environmental conservation and transformation for the wider Mt Kenya region.” said Okumu.
The project’s golf course construction works are 70 percent complete with a Danish technology Ultra-Modern greens and fairways pop-up sprinkler irrigation system installed by Irrico International Irrigation Systems now in place.
Okumu said the project will be undertaken through a build and transfer model to guarantee the project investors maximum returns accruing from joint property development economies of scale.
The project will be implemented over 3 years. In the first phase 20 housing units will be established.
“The vast Mt Kenya region has in recent years suffered economic stagnation due to lack of investors, but I am glad that a consortium of like-minded, youthful and focused Kenyans is now all set to bring the Mt Kenya Holiday Homes dream to life,” said Okumu
The Mt Kenya Holiday Homes investors’ income will also be boosted by a centrally managed tourist resort. The project sponsors are optimistic that the complex will provide services to corporate clients, local and international tourists who are expected to form the bulk of visitors to Mt Kenya Holiday Homes.