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Rwanda is still predominantly rural and broadly speaking the real estate market has witnessed limited activity on a national basis. The clear exception to this is Kigali; its recent influx of construction activity has been due, in part, to the implementation of the Kigali City Master Plan which has provided an overarching vision for land use as well as new building code and urban planning regulations for the city.
There have been a number of proposed developments in Kigali, and having been identified as a possible regional ICT hub, the city's growth prospects look promising with the only limitation being its small size and the fact that it is a landlocked country.
Kigali provides an appealing and unique location for internationally-branded service offerings to establish local entities, and with the city's improved stability, service delivery, economic growth and quality of life driving FDI, the demand for A Gradeoffice, retail and leisure accommodation is on the rise.
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23 May 2016