No Result
View All Result
Monday, June 5, 2023
26 °c
Tripoli
24 ° Tue
22 ° Wed
22 ° Thu
24 ° Fri
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Housing and Utilities Ministry prepares next year’s budget, 900,000 new homes needed

byNihal Zaroug
November 28, 2012
Reading Time: 2 mins read
A A
Housing and Utilities Ministry prepares next year’s budget, 900,000 new homes needed

Libya's capital Tripoli, congested areas with residences and businesses side by side. (Photo: Bryn Jones)

12
SHARES
50
VIEWS
Share on FacebookShare on Twitter

By Nihal Zaroug.

Libya’s capital Tripoli, congested areas with residences and businesses side by side. (Photo: Bryn Jones)

Tripoli, 28 November:

The Ministry of Housing and Utilities is due to submit its proposed budget for 2013 to the . . .[restrict]Ministry of Finance by the end of this month, as officials continue to grapple with an acute housing shortage in Libya.

During a meeting held on 22 November, between Deputy Prime Minister Awad Barassi and Minster of Housing and Utilities Ali Al Sharif, and other government officials, requirements of the Housing Ministry’s 2013 budget were discussed, with the ministry needing to produce a plan that will accommodate for new housing and utilities, as well as the completion of the various housing projects.

According to Hatem Ben Fayed, chairman of the Libyan Housing Committee, there is a need for 900,000 extra housing units, although there are several hundred thousands units available, they are not enough to meet the demand. The majority of these units are incomplete and of questionable quality, particularly the ones started during Libya’s 2010 housing boom.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

Completing the unfinished units is a major task, as contracts must be reviewed, many contractors may not wish to resume work if terms of their contracts are subject to change.

Mohamed Al-Manfi, the head of the Housing and Infrastructure committee for the National Congress, told the Libya Herald that among the committee’s main priority is to restart these stalled construction projects. Ideally, companies who are willing to return without new demands would be given priority. However, solutions must be found to facilitate the return of the other companies, some of which may have suffered losses due to last year’s war or question returning due to security concerns.

The committee was not in attendance during last week’s meeting, as their role is to review and approve the final budget for the housing sector provided by the Ministry of Finance. Al-Manfi says that allocated funds have to meet the demands of the sector, adding that what matters is how the money is spent, ensuring quality is vital. Operating costs must be evaluated, as all markets have experienced price changes over the past year, he adds.

Recently, during a radio programme hosted by Radio Zone, the subject of dwindling marriage rates was attributed to a lack of housing for newlyweds. The majority of callers to the show voiced their frustration at the former and current government’s inability to provide quality and affordable housing, and criticised the lack of financing options available from banks.

Buying land and subsequently building on it, can cost over a hundred thousand Libyan dinars, which many young men simply do not have.

In Libya, the burden of providing and furnishing a home falls on men, who many claimed during the show, is something impossible to deliver even if they worked two jobs. Adding, that assistance from the new marriage support fund would not be enough to rent, let alone buy an apartment or a house. Libya’s real estate market is unregulated, renting and buying caps are not enforced. Unreasonably priced apartments and houses are in abundance, with few buyers.

Many also complained that the majority of housing projects, were cramped apartment blocks in congested areas, questioning why the government had chosen to pursue such projects instead expanding outwards, similar to suburbs found abroad. Al-Manfi believes that better urban planning is essential in finding solutions to the housing problems facing the country. [/restrict]

 
Tags: featuredhousingLibya
Share5Tweet3Share1

Related Posts

AMLY School is offering an innovative approach to learning in Libya
Libya

AMLY School is offering an innovative approach to learning in Libya

June 5, 2023
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

May 30, 2023
State recognised militia and Libyan Army clash in central Tripoli
Libya

State recognised militia and Libyan Army clash in central Tripoli

May 29, 2023
FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards
Libya

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

May 29, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

May 25, 2023
AmCham Libya Networking Breakfast
Libya

US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

May 24, 2023
Next Post
UK will not seek compensation from Libya for £200m cost of supporting Revolution

UK will not seek compensation from Libya for £200m cost of supporting Revolution

Oil Ministry plans to split NOC in two; "unlikely" to placate Benghazi

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    247 shares
    Share 99 Tweet 62
  • HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    69 shares
    Share 28 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    57 shares
    Share 23 Tweet 14
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    50 shares
    Share 20 Tweet 13
  • REAoL opens Benghazi office – to open office in south soon

    44 shares
    Share 18 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Libyan-Tunisia agricultural, marine and food sector B2B meetings – Tunis 19 to 20 June

Tripoli Chamber leading business delegation to Saudi on 22 August

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?