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Israel Firm Signs MOU With Rwanda To Offer Affordable Houses

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Israel Firm Signs MOU With Rwanda To Offer Affordable Houses

Rwanda Development Board (RDB) has signed a Memorandum of Understanding (MoU) with Mitrelli Group, an Israel multinational investor specialising in large-scale, long-term projects.Mitrelli Group seeks to construct up to 10,000 housing units in Rwanda, the majority of which will be affordable housing.

Signing the MOU, Haim Taib, Founder and President of Mitrelli Group, lauded RDB for its support and partnership.

A press brief from RDB quotes him saying that, “This project is a very nice challenge for us. We have the knowledge, the funds, the expertise and the ability to complete this project. I believe that the two sides have the same goal. The goal being the best project for the people of Rwanda. We have come to Rwanda to stay.”

Signing on behalf of RDB, Chief Executive Officer, Clare Akamanzi, said that, “Mitrelli Group is the kind of investor that we want in Rwanda. We are happy to work with you in providing housing for the growing housing market“.

Also signing the MOU with RDB was Mazen Al Sawwaf, the CEO and founder of Global Investment Holding Company, a Saudi Arabian holding company.

Access to affordable housing remains one of the key priorities for the Government of Rwanda and there are a number of strategic incentives to attract local and international investors in the sector.

A communications officer at RDB, Sunny Ntayombya, told Taarifa that there were no more details on the MoU since the two parties are still in the early stages of the partnership. “The MOU is the start of the process…we shall have more details moving forward.”

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