IIB-DG Africa signs MOU with Government of Democratic Republic of Congo represented by Ministry of Housing and Habitat for financing, construction and development of the project by IIB-DG.
- The MOU envisages construction of 50,000 social housing units
- The project is estimated to cost USD1.5 Billion when completed
- Units to sell between USD15,000 and USD25,000 when completed
The MOU was signed in Democratic Republic of Congoi by IIB-DG Africa and by Ministry of Housing and Habitat represented by its His Excellency Mr.Pius MWABILU MBAYU MUKALA, duly empowered.
This partnership helps government of Democratic Republic of Congo to address the housing needs in mali substantially by boosting the supply of affordable housing to the lower end of the market.
With this partnership with IIB-DG AFRICA, the government will be able to reduce the cost of housing units considerably and provide houses selling as low as USD15, 000 – which we believe will be affordable to many Congolese.
About IIB-DG Africa
IIB Development is a consortium of US based companies specializing in financing and infrastructure development. IIB Development Group brings together experts in synergistic industries to develop turnkey innovative solutions in infrastructure and development – housing, roads, water and wastewater, energy, railways as well as financing of all these projects.
IIB Development Group is a centre of excellence for financing and infrastructure development at affordable levels using environmentally sustainable approaches, which meet the growing needs of developing countries. IIB-DG offer state of the art, innovative and affordable technology and work with the governments and local partners including where possible, setting up manufacturing plants locally to produce building units for residential and commercial structures.
For over 40 years, DR. Horton, a member of IIB-Development Group has been building, constructing, producing machines and transferring technology to its customers all over the world. DR. Horton is listed in all magazine as the Number #1 Home Builder in America and the world with billion revenues per year.
IIB Development Group is a leading provider of an innovative building system capable to reduce construction time in the high-scale housing projects, thus offering a strong solution in the socio-economic development of emerging markets throughout the world. Our building system allows fast, efficient, and large-scale construction through the construction of innovative products and processes.
About Ministry of Housing and Habitat of Republic Democratic of Congo
Ministry of Housing and Habitat is a government of Republic Democratic of Congo with goal to provide low income housing. The mandate of Ministry of Housing and Habitat is to play a principal role in the implementation of the Government’s housing policies and programmes. Its vision is to develop standards, policies and technology to improve housing through formulating public private partnership to access resources for implementing housing projects in DRC.
Corporate Affairs and Investor Relations
IIB Development Group