Sudan establishes a national network to provide housing for all segments of society Construction and Real Estate

This situation has led to a reduction in the housing projects offered by the National Housing Fund in some states of the Sudan. For example, a housing project in the state of Sennar consists of 500 housing units. Two months later, the cost increased due to the instability of the pound exchange rate. The project was reduced to 300 housing units. The same thing, the management of the Fund had to Only 200 housing units.

During the last year, Khartoum witnessed a forum for the housing sector in the country, in which the National Housing Fund in Khartoum state organized the forum and presented two working papers on the prospects and challenges of housing in Sudan.

The participants in the forum recommended the establishment of a housing governor, including the Central Bank of Sudan, commercial banks and state housing funds, to finance housing projects and raise the capital of the Commercial Real Estate Bank, which works in this field.

The participants also recommended new facilities for the country's housing sector, reviving exemptions for the National Housing Fund, such as exemption from housing tax and duties, and other concessions such as land cuts.

The project of establishing the finance portfolios is the solution to the dilemma that has plagued the country over the past year, despite the facilities granted by the state to the sector, according to Omar Saadane, director of media at the National Housing Fund, which indicated that there are two housing portfolios established in Sennar and Blue Nile states in the southeast, The two portfolios achieved great success despite the exchange rate challenges.

He added that the project of the Finance Governor has been put forward by the Fund with the participation of a number of experts and university professors, and submitted a report last year to the National Assembly (Parliament) and other concerned parties, noting that the project was among the recommendations issued by the last housing forum in Sudan.

Omar Saadane revealed the challenges of finding international housing finance for the housing sector in the country, despite the lifting of the US embargo and sanctions on Sudan in October 2010, in which international real estate companies submitted projects in Sudan, but their inability to convert Their money abroad has hampered the idea.

The Ministry of Finance and Economic Planning last year directed the Central Bank of Sudan to inject more funds into real estate finance projects in the country and to provide the necessary facilities and guarantees to attract foreign investments to the real estate market in Sudan. It also agreed to increase the capital of the real estate bank, And low-income housing Some of these directives did not come to the ground either.

The National Fund for Housing and Reconstruction in Sudan relies on local banks and banks to provide financing for low-income housing projects in the country, with a vision of providing diverse housing styles that accommodate the needs and potential of all.

The Islamic Development Bank in Jeddah has agreed to provide substantial funding for housing projects in Sudan, technical support for housing projects and attracting international experts to study and transfer international expertise to the housing sector in the country.

At the end of last year, the National Housing Fund called on Sudanese banks to finance low-income housing projects within the framework of social responsibility for banks at the Housing Fund Managers' Forum hosted by Khartoum on the occasion of the 10th anniversary of the establishment of the National Housing Fund .

According to the recommendations of the conference, the Ministry of Finance and Economic Planning and the Central Bank of Sudan will provide the necessary guarantees to finance the national housing projects in the country. The participants in the forum emphasized the state's interest in housing and expansion of its projects in favor of As well as paying attention to modern, environmentally friendly and low-cost building technologies.

The Sudan had launched early this year housing projects for low-income in the capital, Khartoum, for investment and international finance. These projects are estimated at about one million housing units in the vertical construction system

Plans to develop old neighborhoods and continue vertical housing projects
The National Fund for Housing and Reconstruction in Sudan decided to adopt a project to establish a national network for shelter, with the participation of all partners and actors working in the field of housing and reconstruction in the country from official institutions and private sector.

The price of a meter in some locations in the capital of Khartoum, which has a population of about 10 million people, is about $ 1501 (Middle East)
The program aims to strengthen coordination between IFAD and stakeholders to enforce state policies in this regard to provide shelter for different segments. The meeting of the directors of departments of the fund held yesterday at the headquarters of the General Secretariat of the Fund under the chairmanship of Dr. Gholamuddin Othman Secretary General, within the program of the Fund for the year 9102, another project to establish a housing observatory to provide any information on the need and size of residential projects implemented and under implementation and proposed.

The meeting stressed that these projects are considered initiatives and programs that will contribute to the provision of a database and information for those interested, workers and researchers in the field of housing and real estate, which positively affects the promotion and development of housing projects and investments.

According to Omar Saad, director of media at the National Housing Fund, in an interview with Asharq Al-Awsat yesterday, the network project will bring together all the workers in the housing sector in the country to provide shelter for a citizen according to the national project approved last year to provide Shelter for all segments of Sudanese society.

Saadan pointed out that the new network will link a number of entities working in housing projects in the country, including international organizations working on resettlement projects in the west of the country.

He added that these will be coordinated to achieve the goal of providing shelter for all, pointing out that the country has suffered greatly from the dispersion of efforts in the field of reconstruction and housing, so that there are multiple parties without a link between them.

The Housing and Development Fund in the state of Khartoum yesterday announced through a press conference of the Sudanese News Agency, the future plans in the field of popular housing and investment, in the framework of the implementation of shelter for all and guidance of the State in this area. The Fund announced the start of the receipt of five thousand housing units, adding that the opening of the introduction of popular housing during the coming period, and was provided 09 thousand housing units popular and economic areas in the state.

"Housing is a human right guaranteed by international agreements. There are many challenges that threaten the survival of investors in the real estate market in the country, which is the exchange rate fluctuation of the currency, Domestic versus foreign exchange, as well as increased Tvaa bank financing costs, as well as the law does not permit the registration of space apartments less than 021 square meters, residential segment is less than 002 square meters.

Khlouti said that the fund plans to develop the old neighborhoods and continue with vertical housing projects, stressing the importance of amending the land law of 1952 until the buildings of less than 200 meters are registered so that the fund can establish apartments with areas less than 120 meters.

Khlouti acknowledged that there are problems regarding international support for housing in Sudan, and obstacles facing the work of the Fund, namely currency fluctuation and the erosion of the remaining house prices due to the influx. He said that the Fund's resources are currently coming from the investment housing, as well as the lands granted by the Ministry of Urban Planning Pointing out the importance of creating customs facilities and exemptions to reduce costs.

He added that the Fund has implemented multi-storey vertical housing projects with a number of schemes in the capital, including the housing return schemes in Soba and the Martyr Abdelwahab Othman area in Omdurman, in addition to apartments and villas in installments throughout the capital.

The economic crisis in Sudan since the beginning of last year led to protests against the economic and political situation in the country due to the instability of the pound exchange rate against the dollar, the continuous rise in construction materials and the lack of real estate finance.