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Housing stock renewal is crucial

Samad Bashirli: The region greatly needs renewal of its housing stock. Urbanization and housing policy update.

Aria Wright
ByAria Wright- Senior Editor
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Urban population in Central and West Asia has increased by 35-45% over the past decade, according to Samad Bashirli, Deputy Minister of Economy of Azerbaijan, speaking at a session of WUF13.

Rapid urbanization is causing profound changes in the economic, infrastructure and social systems of the region. Strengthening the SPECA platform is strategically important for stability and security.

Quality and affordable housing is a key condition for long-term urban economic development. The region greatly needs renewal of its housing stock.

Azerbaijan's urban planning policy is based on the principle of combining preservation of historical and architectural heritage with modern development.

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