This comes at a time when Kenyan cement manufacturers are going through tough times.
Raysut supplies about 300,000 tonnes of clinker to Kenya and Tanzania every three months.
Demand for industrial space in East Africa will from 2018 grow faster than in any other region in Africa.
Analysts predict a sharp drop in the number of solar installations this year.
Mr Raval is setting up two cement factories at a cost of Sh3 billion.
The exercise is likely to prove very expensive for both the government and the economy.
Kenyan experts will aid formation of home-made solutions to the local housing problems.
Taj Mall, which was officially opened in August 2011, is said to have encroached on the road reserve.
Shrinking demand for space has emboldening tenants to flex their muscle in lease negotiations.
Speculators have largely avoided the property class in spite of its highly promising growth outlook.