The housing sector is key to developing the economy
Sunday 19 September 2021 70
Member of the Federation of Businessmen Mahmoud Mahdi confirmed that "the serious approach to reconstruction, construction and development of the housing sector leads to activating the joints of other important sectors such as education, health and services."
He pointed out that «the housing sector is a wealth, and works to contain many of the problems of the national economy and needs a huge amount of labor and has great guarantees, and it is possible to benefit from global experiences in this sector, and
when we look at the Singaporean experience, we find that every citizen owns a housing unit that is considered Millionaires, for adopting a housing and construction policy that is being studied in countries around the world thanks to guarantees that double the value of property.”
He stressed that "developing the housing sector means spending for the national economy, and thus a major economic development has been achieved in Southeast Asia, which has become an important economic experience in the world."
It is worth mentioning that the successful experience of Dubai Economic City started entirely from the urban development that led to the establishment of construction industries and service industries, including banks, health, education, and all these sectors were related to housing.