News
06 May 2015
3 min read
A legal-real estate imbroglio that the government is struggling to unravel
Out of nearly 10,000 promised housing units, barely a few hundred have been delivered to their final recipients. The reason being that two developers, Général Contractor and Hidaya, failed to meet their commitments. The Ministry of Housing and Urban Planning is attempting to limit the damage.The Ministry of Housing and Urban Policy had signed two memoranda of understanding with Général Contractor and Al Hidaya, on 25 November 2005 and 17 March 2006 respectively, within the framework of the public-private partnership with Al Omrane Tamesna. But since then, things have not gone as planned. According to Nabil Benabdellah's department, regarding Général Contractor, the commitment aimed at the construction of 4,760 housing units. In this context, the Hiba I project of 728 units was fully completed and delivered. For the Hiba II, III, and IV projects, given the developer's failure to respect…
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