• The Abu Dhabi Fund for Development (ADFD) pledges AED 183.5 million to fund affordable housing in Ivory Coast.
• This initiative strengthens UAE-Ivory Coast ties and addresses housing shortages.
• Social housing aligns with global efforts to promote inclusive urban development.

UAE Invests in Ivory Coast’s Housing Future

The United Arab Emirates and Ivory Coast are teaming up for a mission that is equal parts practical and visionary. Through the Abu Dhabi Fund for Development (ADFD), the UAE has signed an agreement to fund a massive AED 183.5 million (USD 50 million) social housing project in Ivory Coast.

“This strategic partnership marks a transformative move towards addressing the housing challenges faced by low-income families in Côte d’Ivoire, reflecting our commitment to advancing international development cooperation.”

Mohamed Saif Al Suwaidi, Director-General of ADFD

ADFD, a stalwart in financing development projects globally, will bankroll the construction of 2,000 affordable housing units. These homes aim to address a glaring deficit in urban housing while fostering economic stability in the West African nation.

The partnership represents a major milestone in UAE-Ivory Coast relations, signaling a shared focus on sustainable development.

Housing Hope in Ivory Coast

Ivory Coast, one of West Africa’s fastest-growing economies, faces a housing crisis with a shortfall of 600,000 units, according to the IFC. By providing affordable housing, the UAE-backed initiative tackles an urgent need for urban solutions that accommodate middle- and low-income families.

More than just buildings, this project signifies a strategic alignment. It complements Ivory Coast’s 2030 National Development Plan, which prioritizes affordable housing, and reflects the UAE’s vision for fostering global partnerships in infrastructure.

The ADFD has a proven track record, financing over 500 development projects across 97 countries since its inception. Now, its influence extends to a West African market ripe with potential for innovation and investment.

Future Foundations: Beyond Affordable Housing

This collaboration is more than a brick-and-mortar affair; it’s a long-term investment in people. Affordable housing fosters stability, drives job creation, and strengthens communities. In the long run, it supports economic growth by empowering citizens with secure living conditions.

“By addressing critical housing needs for a large segment of the population, it paves the way for a brighter, more sustainable future for Côte d’Ivoire.”

Robert Beugré Mambé, Prime Minister of Côte d’Ivoire

With Ivory Coast experiencing rapid urbanization, these 2,000 housing units set the stage for smarter urban planning. The initiative might also catalyze future tech-driven innovations, such as eco-friendly building designs or digitalized construction processes.