President Ruto unveils the Kshs 120 billion landmark LV Marina master planned development in kisumu

President Ruto led the groundbreaking ceremony of affordable homes named LV Point within LV Marina a first of its kind, privately governed, master planned waterfront development.

The massive project in Kisumu is set to become a cornerstone of inclusive growth, sustainable urbanization, and national pride in a defining moment of support for Kenya’s urban and regional transformation.

Located on the shores of Lake Victoria in Kisumu County, the 276 acre development signals a bold new frontier in Kenya’s urban development journey which is a master-planned development that blends eco-conscious living, enterprise opportunities, and destination tourism with long-term investor returns and world class standards.

“This is the kind of ambition and vision that will shape the next generation of our country’s progress,” said President Ruto.

Spearheaded by GulfCap Real Estate, LV Marina is set to become the largest integrated urban development in Kenya’s North Rift region, fusing the strengths of private sector innovation and institutional governance to unlock socio-economic transformation at scale.

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Spanning residential, commercial, industrial, recreational, and tourism components, the development is poised to generate thousands of jobs, attract public-private partnerships, and deliver plug and play infrastructure for investors and local entrepreneurs alike.

Strategically located just five minutes from Kisumu International Airport, along the Kisumu – Busia Road, LV Marina is designed as a self-sustaining, residential mixed use, mixed income community, representing one of the most ambitious waterfront developments in sub Saharan Africa.

Its long-term blueprint includes integrated zones for residential, entertainment, and commerce, making it a catalytic hub for enterprise investment, urban mobility, and regional tourism. Already drawing strong interest from local and international investors, the development will feature purpose-built infrastructure for Meetings, Incentives, Conferences, and Exhibitions (MICE), alongside waterfront hospitality and community venues.

The development aims to unlock new tourism flows, power the creative economy, and establish Kisumu as a vibrant hub for continental dialogue and global engagement.

“LV Marina represents more than an iconic waterfront, it is a catalytic investment in Kenya’s North and South Rift regions, driving regional equity and setting a new benchmark for world class development in East Africa ,” said Suleiman Shahbal, GulfCap Chairman.

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Phase 1 alone will generate thousands of jobs in construction with long term potential to uplift SMEs and local enterprises. A section of the land has been annexed for the construction of the affordable housing component dubbed LV Point by the Kenyan government, paving the way for a vibrant mixed income community featuring civic amenities, retail centers and green public spaces.

The AHP zone will anchor a broader vision of integrated urban living designed to stand out as a national statement of intent: that Kenya can lead Africa in building future ready, inclusive, and sustainable cities.

By Fredrick Odiero

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