MITRELLI GROUP SET TO CONSTRUCT 10,000 HOUSING UNIT IN RWANDA

Rwanda set to have over 10,000 housing unit to be constructed by Mitrelli Group.

Israeli firm Mitrelli Group is set to construct over 10,000 housing unit in Rwanda. The Mou was sign by Rwanda Development Board (RDB) and Mitrelli Group. Meanwhile, the deal will also engage both RDB and Mitrelli group to help grow the housing sector in the nation.

Founder and President of Mitrelli Group Haim Taib said “This project is a very nice challenge for us. He also said that they have the knowledge, the funds, the expertise and the ability to complete this project.”

Rwanda Development Board, Chief Executive, Clare Akamanz said “Mitrelli Group is the kind of investor that we want in Rwanda. She said also that we are happy to work with you in providing housing for the growing housing market.”

Access to affordable home has been one of the key priorities for the Government of Rwanda. There are a number of strategic incentives to attract local and international investors in the sector.

Furthermore, the growth in the sector will reach over  340,000 units by 2022. RDB says more investors are require to help make the project come to life.  It will ensure affordable housing as well as the reduction of the cost of imports of construction materials in the country.

According to report, the Real estate sector constitutes more than 8 percent of national GDP and therefore it needs potential investment. The investment in the sector has also grown from $100 million to $596 million over the last 14 years.

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