Home / Business and Economy / Gambia's Housing Crisis: Eco Buildings Plans 10,000 New Homes
Gambia's Housing Crisis: Eco Buildings Plans 10,000 New Homes
23 Sep
Summary
- Eco Buildings Group plans a minimum of 10,000 homes in The Gambia.
- Initial phase targets 1,000 homes, focusing on public sector workers.
- Company also plans significant manufacturing capacity in The Gambia.
Eco Buildings Group PLC is embarking on a significant housing development project in The Gambia, aiming to construct a minimum of 10,000 homes. The initiative responds to a pressing need for housing, estimated at half a million units.
The initial phase will focus on building 1,000 homes, with a specific plan to house public sector workers such as police, army personnel, teachers, and nurses. Discussions are underway with the Gambian government regarding financing, including potential support from institutions like the World Bank and the African Development Bank.
Furthermore, Eco Buildings Group intends to establish manufacturing capacity within The Gambia. The company is considering a dual-line production setup to optimize costs and efficiency. This move is part of a larger strategy to transform The Gambia into a manufacturing and export center, with projections for up to ten additional production lines over the next five years.
