Interview:Amina Abdi Aden What are the main priorities when it comes to supporting the Year of Housing project? AMINA ABDI ADEN: President Ismaïl Omar Guelleh designated 2018 as the Year of Housing with the aim of intensifying the development of real estate projects and the construction of social housing. This measure is in line with the national housing policy, which aims to solve the…
As Djibouti establishes itself as a leading centre of international logistics, large investment volumes have been stimulating construction activity, notably in transportation and energy. In particular, port expansion, road development and the establishment of new power stations are expected to drive sectoral growth and support the development of the overall economy. In addition, the need to…
In an effort to utilise sustained economic growth to improve the living conditions its population, the authorities have sought to overhaul the country’s real estate sector. Over recent years the lion’s share of investment has flowed into critical infrastructure development. These projects are necessary for the consolidation of the country’s position as a international logistics centre. However,…
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…
Several social housing projects have been launched in Djibouti as the country looks to accelerate construction and attract more private investment to meet rising demand. In early July 2018 President Ismaïl Omar Guelleh laid the first stone for the construction of 1000 low-income housing units in Balbala, a southern suburb of Djibouti City. The project, funded by China Merchants Holding, was…
Having long enjoyed relative security and stability – avoiding many of the conflicts that have beset its neighbours – Djibouti has gained a valuable reputation as a safe haven in an often-troubled region, and is a key entryway to the Horn of Africa, with access to the Red Sea. Furthermore, the country is continuing to progress its long-term development policy, Djibouti Vision 2035. The plan fo
In English Les responsables du gouvernement sont à la recherche de partenariats et de nouveaux programmes afin de pallier la pénurie de logements abordables à Djibouti. A la mi septembre, le président Ismaïl Omar Guelleh a annoncé la mise en œuvre d'un plan de relance du logement social. Ce plan, qui se concrétisera par la construction de 20 000 unités, est financé par divers…
Interview: Amina Abdi Aden What role does the private sector play in encouraging residential projects? AMINA ABDI ADEN: The need for housing in Djibouti is linked to our population increase, which currently stands at 3% per year, resulting in the need for 3000 housing units annually. On top of that, we have a deficit of around 10,000 units that has accumulated over past years. We believe that a percentage…
Benefiting from several years of consistent macroeconomic stability and the roll out of more business-friendly regulation, Djibouti has attracted a rising amount of investment – equivalent to as much as 52% of GDP – with the vast majority directed towards capital projects. This in turn is having a noticeable impact on Djibouti’s construction sector. Urban renovation programs in the cities, especially…
As the Djiboutian economy continues to post high headline growth rates, the lion’s share of attention is going towards the large volumes of capital funding for a spate of new infrastructure projects. However, the government is also working to devote an increasing amount of public resources and attention to the development of adequate housing solutions. Not only is this being done to help with the…
