The fund has a Sh18 billion annual kitty for investments in Africa.
Proposed estate is targeting middle to upper income earners working at Konza City.
The development spans 41 acres and will comprise 2,500 one-bedroom units.
The resort will be built in four phases with each phase taking a year to complete.
This is the largest EPC contract that Isolux Corsan has undertaken in Africa to date.
The proposed facility will boost Mombasa's status as a business tourist destination.
Iberdrola IngenierÃa and Gamesa have secured a contract to build a 13.6-MW wind farm in Ngong.