PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606463

Primary Business Area

Transaction Advisory

Disclosure Date

Aug 30, 2022

Country

Djibouti

Region

Africa

IFC Approval Date

Jun 13, 2022

Status

Active

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Aug 31, 2022

Project Estimated Start Date

Jul 1, 2022

Project Estimated End Date

Dec 31, 2024

Project Description

IFC will assist the Government of the Republic of Djibouti (the "Government") in implementing a competitive process to select a private real estate developer, with proven experience in the housing sector to develop affordable housing units in Djibouti under a public-private partnership (“PPP”) project. The private real estate developer will also be able to develop and market medium-standing housing units as part of the project. The Government will be responsible for: (i) the provision of land that will be used for the project, according to terms to be defined by the Ministry of City, Urban Planning and Housing; and (ii) the allocation of affordable housing units to beneficiaries selected according to transparent selection criteria that will be communicated later, against the payment of monthly rents over a period to be defined.

Development Results

E&S Risks / Impacts and Mitigation