The deal will involve construction of high-rise residential buildings in Eldoret.
This is the biggest development of its kind in the Mount Kenya region.
The deal sets in motion the much awaited 'Steel City' project.
The facility comprises 600 villas, an 18 hole-golf course, a 5-star hotel, and an airstrip.
Google will become a minority shareholder in Africa's largest wind farm.
The new terminal's capacity is expected to rise to 1.1 million Teus by 2019.
The 3,000-unit housing development targets both low and middle-income earners.
Most banks have recently reported a surge in bad loans that are linked to road contractors.
The 5-star facility was built at a cost of Sh5 billion.
The wind farm comprises 365 turbines, each capable of generating 850 kilowatts of energy.