KAMPALA – The President of the International Real Estate Federation (FIABCI), Walid Moussa, is today, January 30, 2020, expected in the country.
Mr. Moussa, who will be here up to the end of the month, is expected to assess the development of Uganda’s real estate sector. He will be accompanied by FIABCI President for the Africa chapter Joseph Akhigbe and Vice President Ismail Gbenga.
Addressing journalists in Kampala on Wednesday, Ms Shirley Kongai, President of the Association of Real Estate (AREA – Uganda) said the group will be seeking to explore how Uganda can extend its international collaborations, and to also check the real estate investment opportunities in the country.
Ms Kongai added that the group will also hold meetings with the Ministry of Lands Housing and Urban Development and later on meet President Museveni.
Uganda’s real estate sector is one of those areas where opportunities to innovate and advance in business are hidden in plain sight. Opportunities for developers, particularly in the affordable urban housing segment are immense.
Uganda currently has a deficit of 2.1 million housing units and is expected to reach three million by 2030. The deficit, data shows, will further expand to eight million units, of which 2.5 million will be in urban centres in two decades