Construction & Real Estate

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.