Over the last four years land cost in parts of Nairobi has shot up by a thousand per cent.
Oversupply is likely to result in fierce competition for clients.
The luxury homes are centred around waterholes and salt licks.
The company will target 'small and medium construction projects'.
The facility is expected to boost power supply to the port to 132Kv from 11Kv.
Dangote Kenya is expected to begin construction of the factory in the next few months.
DAWN will spend US$ 1 million to set up a fully-fledged centre in Nairobi.
More than 60 road projects countrywide have stalled due to lack of funds.
The project has been in the pipeline since 2008.
The Nairobi unit will serve the East African market.
Amsons Group offered Sh23.6bn to acquire 100% of Bamburi shares.
The company has secured financial backing for a 300MW geothermal project.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.