24 Hrs
Source:
النهار أونلاين
Plans for new social and affordable housing
The government forecasts that the construction sector will achieve an annual growth rate of 5.3% between 2027 and 2029, driven by a rebound in both public and private investment. The focus will be on developing economic and logistical infrastructure through projects to improve transportation networks, such as completing the Al-Ghout - Ghardaya - Al-Ma'ina railway line and expanding metro, tram, and cable car networks. As part of its housing strategy, the government will implement a program to deliver approximately two million housing units, including 140,000 social rental units, 25,000 subsidized upgrading units, and 985,000 units under the lease-to-own program (ADEL 3). Additionally, there will be 50,000 upgraded units for high-income families and another 600,000 units. The plan also includes providing 200,000 housing grants for construction in rural and southern areas to promote development and stability, with an emphasis on using local building materials to support import reduction policies.
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