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  • Writer's pictureÖztürk Holding

Öztürk Holding will build 660 luxury parliamentary residences in Cameroon!

Updated: Jan 9

Öztürk Holding, which has been operating in African countries for 9 years, will carry out housing projects at 10 locations in Yaounde, the capital of Cameroon. The company will build 660 luxury residences for ministers and members of parliament and will also build 10 thousand social residences.


Öztürk Holding, which has been operating in African countries for 9 years, will carry out housing projects at 10 locations in Yaounde, the capital of Cameroon. The company will build 660 luxury residences for ministers and members of parliament and will also build 10 thousand social residences. After 1.5 years of negotiations, the company signed with Cameroon's Minister of Environment and Urbanization, Madame Jean Claude Mbwentchou, and will invest 1 billion 183 million dollars in the country.

HOUSING DEFICIT 400 THOUSAND

Stating that they will implement the first social housing project in Africa, Öztürk Holding Chairman Yusuf Öztürk said, “There is almost no qualified housing in Cameroon. People mostly live in shack-type structures. There is a shortage of approximately 400 thousand housing units in the country. "We will continue to invest in Cameroon and other African countries," he said. Öztürk said that they chose light steel production instead of concrete for the rapid completion of the project and stated that they will also contribute to the construction materials industry by bringing 85 percent of the materials from Turkey.

7 THOUSAND PEOPLE WILL WORK

Stating that they have started construction work for the project, which will be built on a land of 2 million 400 thousand square meters and will be built in 10 separate plots, Öztürk said, “We received the lands and established the construction sites. We will take 600 qualified personnel from Turkey to Cameroon for our project. "6 thousand 500 people will work for the construction," he said. Öztürk stated that the houses they will build for the ministers in the project, which they plan to complete in 60 months, will be 1200 square meters and the social housing will be 115 square meters on average.

People living in old buildings in Cameroon are interested in new housing projects. However, current supply is insufficient to meet demand.

Öztürk Holding Chairman of the Board Yusuf Öztürk met with Cameroon's Minister of Environment and Urbanization, Madame Jean Claude Mbwentchou.

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