The affordable housing factory
Posted on 15th December 2015 in Articles
Ventures ONSITE participated in a recent article for Construction Business News and provided the much needed insight into affordable housing in the region for the near future.
-There’s one clear consensus about affordable housing: something must be done. After that, opinions diverge on how best to meet the very clear need for affordable homes that exists in the GCC and the wider Middle East.
“GCC governments are being pressured to take action to address the housing shortages,” according says Mibu John, Partner and Research Director for Ventures ONSITE a project tracking portal. “Bahrain has introduced public private partnership housing developments, while Saudi Arabia has launched an initiative to create more affordable homes for nationals. The Omani government is embarking on a large-scale construction plan to provide affordable, modern residential areas for nationals in the country.”
“[Affordable housing] can be a hugely profitable pursuit as the demand is quite high across the GCC, due to a rapid increase in population,” says John. “The creation of an affordable housing sector in the GCC represents the maturing of the region’s construction market and is creating business opportunities for construction companies.”Back to all ONSITE Exclusives
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