The National Housing Authority (NHA) is in talks with Burkina Faso-based investment group GELPAZ IMMO SA, which is planning to build 50,000 housing units in the country.
A seven-member delegation for the company, led by its Chief Executive Officer (CEO) Alain Z. Zoungrana, arrived in the country Sunday, August 12, 2018, to “finalize agreement” with the Government of Liberia (GoL) through NHA.
“The Burkina Faso Company has made a proposal to assist government in constructing affordable housing units across the country,” NHA Managing Director, Duannah Siryon, told a news conference yesterday.
Mr. Siryon welcomed the company’s proposal, and said a team of officials from the NHA last week visited Burkina Faso, to access the company’s projects and to ensure that the company and its source of funding is legitimate.
“Our delegation left from Liberia and went to Burkina Faso to do our due diligence to the negotiation. This is how come we saw the houses the company has constructed for the Burkinabe government and other West African countries,” Siryon said.
According to him, if finalized, the project will be decentralized and the housing units will be built in accordance with the Liberian standard presented to its management by the NHA.
CEO Zoungrana, speaking through an interpreter, said if the contract is signed between the company and the Liberian government, his company will work in accordance with the Liberian government’s request to them.
GELPAZ IMMO SA, a limited company, is a real estate and land development company established in 2009. It is involved primarily in the purchase and servicing of urban and rural lands, the construction of housing in Burkina Faso and the management of housing and real estate assets.
According to its website, the company works with technically qualified professionals in the areas of urban planning, architecture, topography and real estate.
“The main promoter of the company is Alain Z. Zoungrana, very active in the field of real estate expertise for more than 20 years. A graduate in real estate expertise from the Institute of Economic and Legal Studies applied to construction and housing (Paris – France), he has a very good knowledge of the problem of the real estate sector,” the company’s website states.