Rwanda continues to witness accelerated urbanisation, and as a result, the country has attracted a sizable number of mega real estate projects mainly in the capital Kigali.
According to the Rwanda Housing Authority, Kigali was expected to achieve 15,000 housing units by 2024, with the majority of the projects to be built in the medium-term.
"UDL, in particular, is developing several projects, one of which is an affordable housing project called Vision City Two, which will be the first estate to incorporate green, smart, and wellness concepts," he said. Located in Kigali's new sports and entertainment zone, next to the newly constructed BK Arena and the under-construction Amahoro National StadiumPresident Paul Kagame and Masai Ujiri, President of the Toronto Raptors and co-founder of the Giants of Africa, laid a foundation stone at the construction site whose development is slated to be completed in November 2024, with activities beginning in February 2025.
The Masaka hospital project will be finished by July 2025, and it includes the scaling up of the hospital capacity to accept 2,000 patients per day.Construction of the multi-million-dollar shopping mall Inzovu Mall is underway and projected to be completed in September 2025, making it the largest shopping center in the City of Kigali.
The construction, a twin tower by Equity Bank Group, will cost $100 million and will be completed within 24 months, implying that Kigali would have another high-rise skyline structure by the end of this year.
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