Somalia
Somalia is a growing economy despite setbacks from Islamist militants.
After decades of civil war, many Somalis have returned home from abroad.
This in turn has resulted to the demand for real estate and now, new housing estates are being built.
Under the scorching sun, men plaster walls and lay bricks on buildings.
These new buildings are a few kilometres from Mogadishu, Somali’s capital.
The beautiful villas are being funded the Salaam Somali Bank.
Mohamed Abdullahi Ali, Public Relations Manager, at he bank says, “The goal of this project is very simple to create a new neighborhood for all Somalis , they can buy homes at affordable prices, leaving the overcrowded neighborhoods of Mogadishu and come to live here with their families.”
Construction of the 20 million dollar project began in 2015, with the aim of offering Somalis a good neighbourhood with a good environment, away from conflict that has engulfed the country.
“ It is a safe place here, there is no problem . It has been over a year since we started this project, and we have never been faced with insecurity,” Fuad Ahmed Warsame a real estate Marketing Director said.
With the country’s real estate boom many Somalis are devoted to pick up the pieces and revive the country amid an economic rise.
Two Somali banks announce plans to invest in real estate development in Mogadishu.- #Somalia pic.twitter.com/KlP8UFtuYs
— Petrichor (@MareejoXaamud) January 6, 2015
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