Real Estate in Djibouti
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Djibouti seeks public and private solutions to social housing shortfall
DJIBOUTI CITY, 2016/11/24 Government authorities are looking to partnerships and new programmes in a bid to address Djibouti’s affordable housing deficit. In mid-September President Ismaïl Omar Guelleh announced a social housing plan that will provide 20,000 units, funded by grants from multiple donors, inclunding Saudi Arabia, Kuwait, Morocco and China. While the total price of the programme has from presently on to be disclosed, the completed housing units are expected to cost tenants between DJF15,000 ($84.40) and DJF40,000 ($225) per month, according to press reports.
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