Indian tycoon Mukesh Ambani is deepening his foray into Kenya’s real estate market with a series of office and residential property developments that have already earned him an estimated Sh2.5 billion in profits, barely three years after his first investment in the country. Mr Ambani, through Delta Corporation East Africa – a local subsidiary of his Indian conglomerate Reliance Industries – is currently constructing multi-billion shilling office towers in Nairobi’s Upper Hill and Westlands areas.
Delta Corporation East Africa is also developing a multi-million shilling residential estate in Athi River. The 53-year old Indian business tycoon is believed to have pocketed Sh2.5 billion from two recent property deals, one of which was last month’s sale of Delta Centre to the World Bank.
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