12 May 2013
The government of Algeria has approved a USD 150 million budget for a new housing developmentset to rise in the capital Algiers, an official source told Zawya.
The project, which will build 55,000 new homes, is expected to start before the end of the second quarter of 2013, and will be led by an Algerian contracting firm in partnership with companies from Spain, Portugal and China.
Mowlood Khalufi, president of the National Association of Algerian contractors said the multi-million-dollar project will be overseen by the country's ministry of housing and development (MHD).
In a statement sent to Zawya, Ahmed Madani, consultant to Algeria's MHD confirmed that plans are underway for the construction of 55,000 houses in Algiers under a joint partnership between Algerian, Spanish, Portuguese and Chinese companies. He said further details regarding the project will be announced soon.
"The new housing units are aligned with the objectives of the program launched by Algeria's president Abdul Aziz Bouteflika, which seeks to construct a total of 2.4 million new homes over the course of five years from 2009 to 2014."
Masud Mjeitna, an economic expert and professor at the University of Algiers said the project will play a pivotal role in the government's efforts to resolve the massive housing shortage besetting the country, especially in urban areas such as Algiers.
"The quality of housing in the country is bound to improve through such initiatives. In addition, the introduction of foreign [European and Asian] technologies will benefit the domestic market," Mjeitna added.
© Zawya 2013
The government of Algeria has approved a USD 150 million budget for a new housing developmentset to rise in the capital Algiers, an official source told Zawya.
The project, which will build 55,000 new homes, is expected to start before the end of the second quarter of 2013, and will be led by an Algerian contracting firm in partnership with companies from Spain, Portugal and China.
Mowlood Khalufi, president of the National Association of Algerian contractors said the multi-million-dollar project will be overseen by the country's ministry of housing and development (MHD).
In a statement sent to Zawya, Ahmed Madani, consultant to Algeria's MHD confirmed that plans are underway for the construction of 55,000 houses in Algiers under a joint partnership between Algerian, Spanish, Portuguese and Chinese companies. He said further details regarding the project will be announced soon.
"The new housing units are aligned with the objectives of the program launched by Algeria's president Abdul Aziz Bouteflika, which seeks to construct a total of 2.4 million new homes over the course of five years from 2009 to 2014."
Masud Mjeitna, an economic expert and professor at the University of Algiers said the project will play a pivotal role in the government's efforts to resolve the massive housing shortage besetting the country, especially in urban areas such as Algiers.
"The quality of housing in the country is bound to improve through such initiatives. In addition, the introduction of foreign [European and Asian] technologies will benefit the domestic market," Mjeitna added.
© Zawya 2013
