Friday, June 14, 2013
India's Richest Man Buys Sh2.9Bln Land in Nairobi
Ambani who was recently ranked 22nd in Forbes' Billionaires list is seeking to use the land for commercial and residential property development through his companies Reliance Industries and Delta Corp East Africa.
The Indian billionaire has in the past sold and rented these plots to multinationals, private firms and government agencies. For instance the sale of the Delta office towers located in Westlands to the University of Nairobi and financial consulting firm PriceWaterCoopers (PwC).