Construction & Real Estate
From The Report: Djibouti 2018
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Large investment volumes have been stimulating construction activity, notably in port expansions, road development and the establishment of new power stations. These projects are expected to drive growth in both the sector and the overall economy. In addition, the need to improve living conditions for the country’s population is providing motivation for a range of urban projects. Hence, 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 an international logistics centre. However, investment in new housing, as well as the upgrade of existing housing stock, is also vital for long-term development. This chapter contains an interview with Amina Abdi Aden, Delegate Minister of Housing.

Articles from this Chapter

Overview

Laying the groundwork: Major logistics infrastructure and a new free trade zone fuel continued economic expansion
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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 improve living conditions for the country’s population is providing motivation for a range of urban…

Interview

Firm foundations: Amina Abdi Aden, Delegate Minister of Housing, on the role of the public and private sectors in building affordable homes
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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 problem of precarious accommodation and establish a financial system to support the construction…

Overview

Home improvement: The provision of housing remains a critical component of development plans
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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, investment in new housing, as well as the upgrade of existing housing stock, is also vital for long-term…

Analysis

Dwelling on low cost: Legislative reform and low-income housing construction are set to attract more private investment
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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 developed by the IOG Foundation, a not-for-profit organisation named after the president and created…

Overview

Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces
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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 host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and parts of Asia. Urban areas are home to more than 470m people in Africa, accounting for 40% of the continent’s population,…

Overview

Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces
OBG
plus

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 host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and parts of Asia. Urban areas are home to more than 470m people in Africa, accounting for 40% of the continent’s population,…