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Comoros Terraced Housing Construction Industry Analysis
The terraced housing construction projects industry in Comoros is in its nascent stage due to limited resources and a small economy. The country is made up of four islands, and the construction sector has been primarily focused on the urban areas of Grande Comore, Moh?li, and Anjouan.
The demand for housing in Comoros is high due to the increasing population, but there is limited land availability, which makes the construction of terraced housing an attractive option. The terraced housing construction projects industry has the potential to address the increasing demand for housing in the country.
The Comorian government has implemented policies and initiatives to encourage the growth of the construction industry. For example, in 2016, the government introduced a five-year plan to construct 2,000 social housing units across the country. However, the implementation of this plan has been slow due to financial constraints and limited resources.
One of the challenges faced by the terraced housing construction projects industry in Comoros is the lack of skilled labor and local expertise. Most of the construction works are undertaken by foreign companies, which increases the cost of construction. The cost of construction materials such as cement and steel is also high due to import duties and transportation costs.
The industry outlook for the terraced housing construction projects in Comoros is positive as the government continues to prioritize infrastructure development and housing construction. The government's focus on social housing projects is likely to boost the construction industry's growth, particularly the terraced housing segment. However, the industry's growth is expected to be slow due to limited resources and the lack of local expertise.
In conclusion, the terraced housing construction projects industry in Comoros has immense potential to address the increasing demand for housing. However, the industry's growth is constrained by limited resources, the lack of local expertise, and high construction costs. The government's focus on social housing projects and infrastructure development is likely to support the industry's growth, but it is likely to be slow.
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