Project Description

The Affordable Housing Development Partnership is a strategic initiative designed to address the acute need for housing in Côte d’Ivoire through a collaborative effort between Apivirine Ventures, Inc., AMAOS Group, and the Ivorian government. This ambitious project aims to construct 80,000 housing units over a five-year period, encompassing a range of housing types from affordable to luxury, in alignment with the government’s urban development objectives.

Key Details

1. Project Scope and Objectives

• Total Housing Units: 80,000 units
• Project Duration: 5 years
• Housing Types: Affordable housing, middle-income, high-standard, and luxury homes
• Location: Throughout Côte d’Ivoire, with a focus on urban and peri-urban areas

2. Government Support

• Land Allocation: The Ivorian government will provide a first plot of 1,500 hectares valued at USD 750 million. Additional land will be allocated as needed throughout the project.
• Buyer Guarantees: The government guarantees the provision of up to 80,000 potential buyers from its database, including government employees, security forces, and other public sector workers.
• Tax Exemptions: Exemptions will include import duties on construction machinery and materials, as well as tax relief on the transfer of partners’ funds. This contributes 35-40% of the overall project cost.

3. Financial Information

• Total Project Cost: USD 6 billion
• Estimated Revenue: Over USD 14 billion from housing sales and ancillary services (e.g., excess electricity, health services, shopping centers)
• Interim Financing Required: USD 10-50 million for initial phase activities, including model home construction and initial project setup

4. Construction and Development

• Sustainable Practices: The project will employ environmentally friendly materials and advanced construction technologies, including prefabricated homes and sustainable building materials.
• Community Features: Developments will include gated communities, renewable energy systems, optional air conditioning, and modern amenities such as internet/cable TV and electric car plugs.
• Infrastructure: Construction of essential facilities including schools, health centers, shopping centers, and waste management systems.

5. Economic and Social Impact

• Job Creation: The project will generate at least 5,000 permanent jobs, significantly contributing to local employment and economic growth.
• Construction Timeline: The project will be executed in phases, with an annual target of 16,000 housing units. Each phase will begin only upon confirmation of 100% payment from buyer banks, ensuring financial stability.

6. Partnership and Execution

• Collaborators: Apivirine Ventures, Inc., and AMAOS Group, supported by the Ivorian government, will lead the project.
• Execution Strategy: The project will be developed in increments of 1,000 homes, allowing for efficient financial management and risk mitigation.

This project represents a transformative opportunity to address the housing needs of Côte d’Ivoire, providing high-quality, sustainable homes while generating substantial economic benefits. Through innovative construction methods and strong governmental support, the Affordable Housing Development Partnership aims to create lasting value for investors, residents, and the nation as a whole.