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{
    "id": 301760,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/301760/?format=api",
    "text_counter": 73,
    "type": "speech",
    "speaker_name": "Mr. Ogari",
    "speaker_title": "The Assistant Minister for Information and Communications",
    "speaker": {
        "id": 385,
        "legal_name": "Simon Ogari Arama",
        "slug": "simon-ogari"
    },
    "content": "(viii) Engagement with potential investors/stakeholders in different forums to get their support for the project. (c)So far, more than 150 international and local companies/individuals have shown interest to invest in Konza City. This is overwhelming. Committed investors will be identified once Konza Technopolis Development Authority (KTDA) is established and the master delivery partner is on board. The master developer in collaboration with the KTDA will have structures build then sold to investors just like any other real estate project. This is to avoid speculative investors who will hold up the development of this new city. This model was used in the development of the Smart Village in Egypt. Where necessary, land leases will be limited to investors who have proven ability to start construction within six months. This will address the challenges that were experienced by the Export Processing Authority (EPA) where land was leased to investors who were not ready to start construction immediately. Professional qualification will also be considered where competence is required in the management and performance of specialized work/services. A detailed criterion will be developed once the KTDA is operational."
}