Misrata is playing a central role in the diversification of Libya's economy, focusing on the shipping, manufacturing, automotive, construction, ICT, health care and education sectors. With strategic ports like Tripoli, Benghazi and Misrata, the government aims to make the country an international trade hub through partnerships with private investors for port modernisation. Tax incentives and free
The 2023 ARCE Conference focused on Proptech in Africa serves as an excellent platform to explore and capitalize on the emerging opportunities in the region's real estate sector. The event brings together industry professionals, investors, entrepreneurs, technology providers, and policymakers to exchange ideas, showcase innovative technologies, discuss market trends, and foster collaborations. What…
As a member of the Organisation of the Petroleum Exporting Countries and 48.4bn barrels of proven crude oil reserves – the most in Africa – and 1.5trn cu metres of proven natural gas reserves, Libya is a significant player in the regional and global hydrocarbons sector. The state-run National Oil Corporation (NOC) is responsible for exploration and production. By increasing the involvement of IOCs…
Cityscape is the largest and most important real estate exhibition in Egypt. Supported by public and private sectors connecting investors, and developers to unique opportunities throughout the country. Cityscape is the place to be for the luxurious real estate developers' network and property investors on the hunt for up-and-coming opportunities in emerging cities across Egypt. The event showcases…
Facilitating access to locally produced construction inputs forms part of the government’s long-term development agenda, Djibouti Vision 2035. The blueprint prioritises the industrial production of construction inputs, alongside other building materials, to meet the needs of the local market for construction and public works. Such developments could help reduce the reliance on imports and lower building…
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 “2022 Global Status Report for Buildings and Construction” report published by the UN Environment Programme (UNEP), the sector is one of the world’s biggest polluters…
As a key driver of long-term socio-economic growth in recent years, Djibouti has focused on investing large volumes of capital in infrastructure projects, including real estate. Other priorities within the Djibouti Vision 2035 long-term development agenda include improved living conditions through the construction of affordable accommodation and enhanced access to quality housing, improved sanitation…
Djibouti’s economy grew by an average of over 6% per year in the decade leading up to the start of the Covid-19 pandemic. Investment in transport and port infrastructure, enabled by the rollout of business-friendly regulations and external financing, has been a key driver of this growth. These efforts reflect long-term objectives to leverage the country’s geostrategic location and deepwater port…
Interview:Amina Abdi Aden What has been done to facilitate private participation in the affordable housing segment? AMINA ABDI ADEN: It is important that the private sector is encouraged to engage in real estate projects, especially for middle-income households. To that end, legislation was enacted in July 2013 to regulate real estate development, facilitating the emergence of several private…
Interview:Habon Abdillahi What are the construction sector’s key strengths and drivers that underpin growth? HABON ABDILLAHI: The construction sector’s main strengths are the country’s steady GDP growth and political stability. Between 2018 and 2022 this expansion has facilitated a cycle of construction in both the private and public sectors. Djibouti Vision 2035 and President Ismaïl Omar…
