Shimizu Corporation Opens Nairobi Office to Target Infrastructure Needs in Africa
Shimizu Corporation, a leading Japanese construction company, has relocated its base of operations for Africa from Dubai, United Arab Emirates, to Nairobi, Kenya. The new office, situated in Nairobi's prestigious Britam Tower in Upper Hill, officially opened its doors on 10 January 2024.
Africa's Rising Growth Potential
This strategic move reflects Africa's growing importance on the global stage. With 54 diverse nations, Africa's population is projected to surge to a quarter of the world's total by 2050, attracting significant interest from multinational corporations. Companies worldwide are establishing a presence in major African countries, and Japanese firms are increasingly joining the trend.
Africa's infrastructure sector is experiencing rapid growth, fueled by a surge in construction investments. Recognizing this potential, the Japanese government has prioritized infrastructure development in Africa as a key recipient of Official Development Assistance (ODA).
Shimizu Corporation: A Longstanding Partner in African Construction
Since entering the African construction market in the late 1960s, Shimizu Corporation has become a prominent player. The company boasts an impressive track record, having completed over 90 infrastructure projects across 15 African nations. These projects encompass a wide range, including roads, overpasses, hospitals, and schools.
Nairobi: A Strategic Hub for Sub-Saharan and East Africa
Nairobi is a crucial gateway to Sub-Saharan and East Africa. As a leading African city, it serves as a hub for numerous international organizations, multinational corporations, and Japanese companies overseeing regional operations.
By establishing a base in Nairobi, Shimizu Corporation aims to leverage its extensive experience in Africa to effectively identify and meet the construction needs of governments and private companies in the region.
Investor
Outbound region
Inbound region
Industry
Construction and infrastructure
Date of record
19 January 2024
