Turkish company to build Cameroonian parliamentarians’ houses in $1.2-billion project
The houses planned for parliamentarians in an upmarket Yaoundé neighborhood will be around 550-square meters, according to the company.Turkish company Öztürkler Holding has reached an agreement with the Cameroonian government to build over 10,000 lodging houses for public servants in a $1.2-billion project, the company announced on July 14.
Öztürkler Holding, which undertook a number of key energy and infrastructure projects on the African continent, will now be building 660 luxury houses for Cameroon Parliament members and 10,000 residential units for government employees in the capital of Yaoundé.
The social housing project’s budget, negotiations for which continued for over a year, is valued at $1.183 billion, a statement released to announce the deal read.
The project that will comprise of schools, hospitals, shopping areas, security buildings and sports complexes has been designed for eight different regions and is slated to be completed in 60 months.
The houses planned for parliamentarians will be around 550-square meters, while government workers will be given 115-square meter houses.
“We have received all land and location deliveries for the housing project in Yaoundé, capital of the west-central Africa’s pearl Cameroon,” Öztürkler Holding chairman Yusuk Öztürk was quoted as saying.
“These projects we do with Africa keeps our flag flying at international markets, as well as contribute to our economy and construction sectors,” he said.
Öztürk also noted all materials and equipment needed for construction will be brought by Turkey, as “there is no production in African countries.” “This means we will make the Turkish producers of these materials enter into African market,” he said.
Qualified white-collared employees will be also brought from Turkey, he said.