Israeli group proposes to build 100,000 houses in Angola

24 March 2010

Luanda, Angola, 24 March – Israeli construction company LR Group plans to build 100,000 social houses in Angola as part of the government programme to build 1 million homes by 2012, the group’s director for Angola said in Luanda.

At the end of the ceremony to sign the protocol for construction of housing with the Ministry for Urbanism and Construction, Jorge Marques noted that the projected houses were 10 percent of the total planned to be built as part of the National Housing Programme.

According to Marques, the LR Group had this capacity from a construction engineering, planning and financing point of view.

He said that the company planned to build houses ranging from three bedrooms with 100 square metres to four bedrooms with 120 square metres using innovative technology.

In his turn, the representative of construction company Consultoria Especializada, João Oliveira Cordeiro announced that his company would also build 100,000 houses, of which 80,000 would be social housing and 20,000 would be middle income homes.

Cordeiro said that the project would be carried out in phases and cover provinces chosen by the Ministry for Urbanism and Construction.

Last Friday the Angolan government signed protocols of understanding with four construction companies with a view to boosting its housing programme, under the terms of which companies Valentim Amões, Rienk, LR Group and Consultoria Especializada were authorised to take out loans from banks to carry out the work. (macauhub)