Construction & Real Estate
From The Report: Cote d'Ivoire 2022
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Following the outbreak of the Covid-19 pandemic in 2020 and its subsequent economic impact, Côte d’Ivoire’s has construction sector helped the economy recover. There has been growing demand for residential properties to house the expanding middle class amid rapid urbanisation. Furthermore, industrialisation has increased the need for larger industrial zones and commercial centres, as well as an expansion of modern transport networks across the country. The real estate sector is growing at pace, with several residential and commercial projects planned for urban areas. However, the lack of housing for low-income families and difficulties in accessing finance have driven the development of informal housing. As the country undergoes urbanisation and industrialisation, there is an opportunity for officials to provide social housing with alternative financing options for informal workers and lower-income populations.

The chapter contains an interview with Nicolas de Roquefeuil, General Manager, SETAO.

Articles from this Chapter

Overview

Road to growth: Urbanisation and trade are driving post-pandemic builds
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Following the outbreak of Covid-19 in 2020 and the subsequent economic impact of the pandemic, Côte d'Ivoire's construction sector helped the economy recover. There has been growing demand for residential properties to house the expanding middle class due to rapid urbanisation. Furthermore, industrialisation has increased the need for larger industrial zones and commercial centres, as well as an expansion of modern transportation networks across the country. Structure& Oversight The…

Analysis

Window of opportunity: A boost in public funding and foreign direct investment is opening doors for numerous infrastructure projects
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The government unveiled the National Development Plan (Plan National de Développement, PND) 2021-25 to improve infrastructure development and support the expansion of the construction sector. This agenda is also expected to attract more public and private investment, and boost exports. AttractingForeign Investment The swift response by the government and financial support from the IMF alleviated the burden of the Covid-19 pandemic, making Côte d’Ivoire one of the few African countries…

Interview

Innovation and development: Nicolas de Roquefeuil, General Manager, SETAO, on modernising infrastructure and the legal framework governing the sector
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Interview:Nicolas de Roquefeuil How would you assess the performance of the construction sector over the last two years? NICOLAS DE ROQUEFEUIL: The sector recorded growth of 18% in 2021 after a temporary setback in 2020 due to the Covid-19 pandemic. Development is continuing apace in Côte d'Ivoire, which has positively impacted all construction and development segments. Many operators are taking an interest in the country, and we are working to ensure competitiveness. To what extent can…

Analysis

Green by design: Innovative practices are seen as key to lowering emissions
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Amid efforts to reduce the carbon footprint associated with the construction industry, there is increasing recognition of the benefits of sustainable and regenerative architecture as a means of lowering emissions. According to the “2019 Global Status Report for Buildings and Construction” published by the UN Environment Programme (UNEP), the sector is one of the world’s biggest polluters and accounts for close to 40% of global energy-related greenhouse gas emissions. In light of this, a greater…

Overview

Rapid expansion: Demand for housing grows alongside boom in urban population
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Côte d’Ivoire's real estate sector is growing rapidly as the demand for formal housing in urban areas increases. As the country undergoes industrialisation, developed areas like Abidjan are seeing greater influxes of middle-class populations, expatriates and diaspora communities seeking accommodation. International companies are responding to the growing demands of these demographics by building more retail space, hotels, road networks and other infrastructure. However, ongoing difficulties accessing…

Analysis

Sustainable solutions: Encouraging investment in eco-friendly construction
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Green bonds are becoming an increasingly popular form of financing worldwide as companies strive to improve their environmental, social and governance practices. Green bonds, or climate bonds, refer to a fixed-income instrument provided for climate-related or environmental projects. Institutions such as the World Bank and the European Investment Bank often issue green bonds to encourage companies to improve their environmental approach to new construction. Between 2007 and 2020 the global green…