Investment opportunities

Kigali Convention Center (KCC)

Project Description
  • A local company, Ultimate Concept Ltd (UCL) was set up in 2007 to develop and execute the project
  • UCL’s shareholders are: Prime Holdings (50%), Social Security Fund (25%), and RIG (25%)
  • A business plan and a feasibility study were completed in April 2009
  • The complex is located on 13.6ha in the heart of Kigali City. Construction on the site has already started and is expected to be completed in Dec 2011
  • Radisson BLU of Rezidor Group will be the hotel operator
The project includes
  • 5 star hotel with 292 rooms
  • 1 large conference room fitting 2600 people, 1 medium conference room, 10 meeting rooms
  • 1 museum
  • 24,000 sqm of office and shopping space
Expected Results
  • Construction of the convention centre, hotel and office park
  • Conference tourism is a key pillar within the national tourism strategy and policy - one of three major standalone products alongside gorillas and birding
  • There isn’t currently any convention centre in Rwanda
  • Between 2007 and 2008 business visitors grew by 25%.The subsector has proven resilient to the global downturn in 2009
  • Revenues from conference tourism is estimated to reach USD 40 million per year by 2012 if strategy implemented and investment
  • The centre will help positioning Rwanda as a hub for East African business by catering to the needs of business travellers to the region
Expected Cost USD 300 million
Actions Required or Implementation Arrangements Equity and/or debt
Status UCL is planning to form a Joint Venture to realize the project and is currently in discussions with Chinese partners. GoR has agreed to provide certain fiscal incentives to the JV
Contact Rwanda Development Board
Clare Akamanzi
Chief Operations Officer
Tel: +250 78830 1661
Email: clare.akamanzi@rdb.rw