Why sustainability is key to new luxury housing developments in West Africa
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Loading... - Adama Thiam
- 21 Feb 2023
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CEO of Sommet Properties Ali Soumah explains how its sustainable innovations are setting the company up for success in Senegal and West Africa
Senegal continues to be among Africa’s fastest growing economies. According to a recent study, the Senegalese economy is expected to grow by nearly 11 per cent in 2023. Matched by growth across West Africa, Senegal’s Dakar region and urban population will likely reach five million by 2030, fueling explosive growth in the country’s suburban regions.
As disposable incomes in Senegal grow and members of the country’s global diaspora return to the region, one thing is clear: Senegal must prepare for middle and upper-middle class suburban growth, requiring significant infrastructure and housing development.
In Senegal and across Africa, few companies and developers have identified these trends and begun to prepare for the country’s infrastructural needs, as well as the environmental consequences of this projected growth.
Luxury, but sustainable
Chief among the developers who are working to build modern and sustainable housing in the region is Sommet Properties, a Canadian-Senegalese developer operating in the Lac Rose region of Senegal.
With plans to construct a luxury housing development in the region – complete with a fully functional gated community of residences, shopping centres, schools, recreational facilities and religious accommodations – Sommet Properties is poised to become the region’s most influential developer.
“Sommet Properties began as a discussion about infrastructural and technological inequality in West Africa,” Ali Soumah, a Canadian entrepreneur and investor who leads Sommet Properties as CEO, says.
“We identified the region’s fast growth and need for equitable investment to enhance its housing and sustainable development. To that end, we hope to close the gap between the country’s economic potential and infrastructural investment.”
Ali is quick to highlight a key mission of Sommet Properties: to produce luxury developments in Senegal sustainably.
“Investing in housing in Senegal and West Africa doesn’t only mean modern housing for discerning homeowners,” Ali says. “Equity means building houses at the forefront of innovation and ensuring that the communities we construct are built for the future. Read More…
