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Participants in Russia–Africa Economic Forum to Search for Common Ground in Large-Scale Housing Construction Projects

Housing construction is an industry that inevitably develops alongside economic growth. The lack of housing and the quality of housing are among the most pressing problems in most African countries today. Participants in the Russia–Africa Economic Forum will discuss ways to develop joint solutions and gain experience in the construction of modern housing during the session ‘Current Objectives in Developing the Housing Construction Market on the African Continent’ on 23 October.

Welcome addresses will be delivered by Russian Minister of Construction, Housing, and Utilities Vladimir Yakushev.

The session will be moderated by Russian Deputy Minister of Construction, Housing, and Utilities Nikita Stasishin. The following representatives of key African ministries will give speeches at the session: Samuel Atta Akyea, Minister of Works and Housing of the Republic of Ghana; Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development of the Republic of Cameroon; Peya Mushelenga, Minister of Urban and Rural Development of the Republic of Namibia and others.

The speakers will determine the most pressing issues facing African countries in the construction sector. They will identify the real needs and opportunities on the markets of different cities around the continent. Of course, Africa needs massive affordable housing above all else. Perhaps attracting partners from other countries will help find the best solutions to these problems.

“Russian construction companies have extensive experience in housing construction that is designed for consumers with different income levels. Businesses may be interested in implementing projects in Africa, both in terms of the development of integrated construction solutions and directly in development projects”, Yakushev said. “Taking advantage of Russia’s experience will enable the construction business in African countries to reach a new level. And we are ready to support our companies in these matters”.

The session’s programme provides for a discussion that aims to find answers to pressing questions concerning housing construction in African countries. Such questions include government mechanisms to support foreign investment, how to start large-scale residential development projects, and how to ensure universal access to safe and affordable housing.

The Russia–Africa Summit and Economic Forum will take place on 23–24 October in Sochi at the Sirius Park of Science and Art. The events are being organized by the Roscongress Foundation, and the co-organizers of the Russia–Africa Economic Forum are Russian Export Center and Afreximbank.

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“We highly value the results of our joint work at the summit. I am sure the achieved results are creating a good foundation for further deepening the Russia-Africa partnership in the interests of our nations’ prosperity and wellbeing.”

President of the Russian Federation
Vladimir Putin

The Russia–Africa Summit, which is taking place in Sochi on 23–24 October 2019, encapsulates the historically friendly relations between the African continent and the Russian Federation. This Summit carries great significance as it is the first of its kind to emerge during a period of major global and international transformations. In response to the aspirations of the people it is representing, the Summit intends to build a comprehensive framework for expanding Russian–African relations into broader horizons of joint cooperation across different fields.

The African nations and Russia share a common understanding of international relations, based on the principles of respect for the rule of international law, equality, non-interference in the internal affairs of states, and the peaceful resolution of disputes. Both sides affirm their commitment to support multilateral actions to oppose new international threats, be they terrorism and extremism in all their forms, or declining growth rates. The two sides share a firm conviction regarding the importance of developing trade flows and supporting mutual investment in such a way as to ensure security, peace and development for the African and Russian people.

African countries have huge potential and opportunities that will allow them, once efforts to streamline their economies have been achieved, to emerge as real global players. In recent years, the nations of this continent have achieved major successes spanning the political, economic, social and administrative spheres. Africa has flourished in terms of growth over the past decade, reaching a continent-wide growth rate of 3.55% in 2018.

The African Union Summit, which was held in Niger in July 2019, continued the efforts of the African countries and saw the African Continental Free Trade Agreement come into force, along with its operational instruments. The agreement is one of the key objectives of Agenda 2063, an African development strategy that has been created to address the African people’s desire for prosperity and decent living standards.

These successes are opening up wide-ranging prospects for cooperation between African countries and the Russian Federation, and confirm the determination of African governments and their people to cooperate with multiple partners in order to establish mutually beneficial relations.

With this in mind, we express our hopes that the Russia–Africa Summit will help in the establishment of constructive strategic relations, based on partnership between two sides across various fields, and in the service of fulfilling the hopes and aspirations of the African people and their friends in Russia.

President of the Arab Republic of Egypt
Abdelfattah ALSISI