Tag: The Ministry of Construction

The Ministry of Construction is formulating national urban and rural area planning for the 2022-2030 period and vision to 2050, to build and develop a harmonious and balanced urban network between regions, urban areas, and the countryside. The development of high-rise buildings will be strictly controlled in inner cities, with the concentration of hospitals and universities in central urban areas reduced and industrial facilities outside of urban areas relocated.

Real estate contributes some 8 per cent of annual GDP, and the Ministry of Construction (MoC) has proposed four key solutions to promote its role in economic development, including completing the legal corridor in credit and financial investment.