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Overview

China Merchants Group provides $7 million grant for Social Housing Project

Commitments (Constant USD, 2023)$7,044,074
Commitment Year•2018Country of Activity•DjiboutiDirect Recipient Country of Incorporation•DjiboutiSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (actual)
Jul 4, 2018
End (actual)
Jan 1, 2019

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The purpose of the project is to create 1,000 social housing units for vulnerable households in the Balbala district, in the southern suburbs of Djibouti city. More detailed locational information can be found at https://www.openstreetmap.org/way/1029667802

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

  • China Merchants Group Limited

Receiving agencies

NGO/CSO/Foundations

  • Ismaïl Omar Guelleh (IOG) Foundation

Implementing agencies

State-owned companies

  • China Merchants Group Limited

Loan desecription

China Merchants Group provides $7 million grant for Social Housing Project

Narrative

Full Description

Project narrative

On July 4, 2018, at a project commencement ceremony, China Merchants Group (CMG) — a Chinese state-owned company — announced that it was providing a $7 million grant to the Omar Guelleh (IOG) Foundation for a Social Housing Project. The purpose of the project is to create 1,000 social housing (two bedroom) units for vulnerable households in the Balbala district, in the southern suburbs of Djibouti city.

Staff comments

1. This project is also known as Project Nassib. 2. Under direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council, CMG is a conglomerate with three business platforms of non-financial industries, financial services, investment and capital operation. CMG's non-financial industries cover ports, toll roads, shipping, logistics, real estate, zone development, offshore engineering and trade. 3. The Social Housing Project is being financed as part of the CMG’s corporate social responsibility (CSR) activities, so for the time being AidData assumes that CMG is responsible for project implementation.