One of the housing sector reform’s most important changes is the establishment of the Housing Bank of Djibouti (Banque de L’Habitat de Djibouti). The new institution aims to give the state a new position in the financing mechanisms for the country’s housing sector, something that private banks, despite their increased presence in the country,...
Benefitting from several years of consistent macroeconomic stability and the roll-out of greater business-friendly regulation, Djibouti has attracted a rising amount of investment – equivalent to as much as 52% of GDP – with the vast majority of it being directed towards capital projects. This in turn is having a noticeable impact on Djibouti’...
Algeria’s construction sector remains buoyant despite the impact of the significant drop in global oil prices, with the government continuing its support for the main social programmes and infrastructure projects to diversify the oil-dependent economy. A new five-year investment plan for the period 2015-19 worth €233.7bn was approved by the...
As with many emerging markets, Algeria faces a chronic shortage of affordable housing, which has concerned successive governments since 1999. Since the first five-year plan of 1999-2004, the country has built a total of around 2.4m low-cost housing units, according to the Ministry of Housing and Urban Development, but still has a national...
Algeria’s real estate market has in recent years seen a proliferation of private property developers seeking to tap into growing demand amongst the upper and middle classes for mid-to-high-end residential property, shopping malls, quality hotels and tourist resorts. However, demand remains highest for low-income units, which the public sector...
Algeria expects to meet domestic demand for cement from its own production by the end of 2016 with the completion of a number of new plants and the expansion of existing facilities. The country currently has a production capacity of 21m tonnes of cement per year, requiring the import of around 5m tonnes to meet local demand, which is estimated...
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