$400 million Kinyinya Park Estate project expected to build 10,000 housing units in four years

In October this year, Shelter Afrique embarked on  Kinyinya Park Estate Project- which covers 10,000 large-scale integrated and sustainable housing units to cost around US$400 million, after its Board approved the development of the project.

Located 8 kilometres from the Kigali International Airport, it covers 10,000 large-scale integrated and sustainable housing units. The project is expected to be completed in four year.

It will benefit 50,000 Rwandans and create over 40,000 jobs.

The estate will be developed in partnership with Rwanda Social Security Board (RSSB).

Other partners include Ultimate Developers Limited (UDL), Development Funding Institution (DFI), Eastern and Southern African Trade & Development Bank (TDB), the Development Bank of Rwanda (BRD) among others.

The project is expected to cost approximately $400 million out of which TDB has approved a facility worth US$150 million to Shelter Afrique to support the first two phases of the project.

The Kinyinya Park Estate project is Shelter Afrique’s second large-scale housing development project in Rwanda after the Company commissioned 3000 affordable housing units in Rugarama Park Estate in Kigali in June 2019.

It has been conceptualised by Shelter Afrique and the EPC contractor to help address the large affordable housing shortage in Rwanda with the development of a sustainable urban mixed-use community.

The project will be undertaken in five phases over three to four years, consisting of 10,000 affordable apartments and 200 units of commercial outlets including schools, shops, and business facilities on behalf of RSSB.